South Africa Interest Rate Decision

The Monetary Policy Committee (MPC) of the South African Reserve Bank is responsible for making interest rate decisions in the country.  The repo rate is defined as the official interest rate. On an end-of-period basis, this is the rate upon which central banks loan or discount qualifying paper for deposit money banks.

A higher than expected figure should be seen as positive (bullish) for the ZAR while a lower than expected figure should be seen as negative (bearish) for the ZAR.

Category:  Interest Rate
Units:  Percent
Details
Impact: Low
Country:
Currency: ZAR
Latest Release
Previous: 7%
Consensus: 7%
Actual: 7%
Next Release
No data

Forex Sentiment (ZAR)

Symbol Community Trend (Shorts vs Longs) Symbol Popularity Avg. Short Price /
Distance From Price
Avg. Long Price /
Distance From Price
Current Price
USDZAR
16.3821
-10425 pips
17.8395
-4149 pips
17.42460
Symbol Action Percentage Volume Positions
USDZAR Short 19% 0.43 lots 15
Long 81% 1.82 lots 78
0% of traders are currently trading USDZAR.
EURZAR
17.7074
-27615 pips
20.5460
-771 pips
20.46890
Symbol Action Percentage Volume Positions
EURZAR Short 99% 1.13 lots 50
Long 1% 0.01 lots 1
0% of traders are currently trading EURZAR.
ZARJPY
8.4330
-7 pips
8.2733
+23 pips
8.505
Symbol Action Percentage Volume Positions
ZARJPY Short 7% 0.10 lots 1
Long 93% 1.33 lots 23
0% of traders are currently trading ZARJPY.