empty
 
 

25.11.202511:52:39UTC+00South African Rand Firms

The South African rand saw a modest increase, hovering around 17.3 per USD. This performance occurred against the backdrop of a largely stable dollar and strengthening domestic economic indicators. Notably, the South African Reserve Bank reduced its key interest rate by 25 basis points to 6.75% on November 21. This move came in response to revised inflation forecasts for the upcoming two years, following the National Treasury's shift to a 3% inflation target, replacing the long-standing 3%-6% range maintained over the past 25 years. Furthermore, the mid-term budget update indicated an intention to reduce borrowing and maintain disciplined spending to manage government debt effectively.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback