USD/ZAR: South African rand eases ahead of SARB interest rate decision

The USD/ZAR is up for the third straight day ahead of the South African central bank interest rate decision. The South African rand is trading at 15.5281 against the US dollar, which is relatively higher than last week’s low of 15.2200. South Africa Reserve Bank (SARB) decision The South African central bank, which started its monthly monetary policy meeting yesterday, will deliver its verdict today at 13:00 GMT. According to Bloomberg, most economists believe that the bank will leave interest rate at the current level of 3.5%. This rate is 300 basis points lower than where it was before the