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: Medium
Country:
Currency: ZAR
Latest Release
Previous: 8.25%
Consensus: 8.25%
Actual: 8.25%
Next Release
Date: Jul 18, 13:00
Time left: 25 days
Consensus: 8.25%

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
17.5580
-3929 pips
18.1124
-1615 pips
17.95091
Symbol Action Percentage Volume Positions
USDZAR Short 47% 3.29 lots 38
Long 53% 3.78 lots 53
0% of traders are currently trading USDZAR.
EURZAR
18.1977
-10083 pips
19.7561
-5501 pips
19.20604
Symbol Action Percentage Volume Positions
EURZAR Short 78% 4.57 lots 260
Long 22% 1.29 lots 20
0% of traders are currently trading EURZAR.
ZARJPY
8.8470
-4 pips
8.0993
+79 pips
8.890
Symbol Action Percentage Volume Positions
ZARJPY Short 41% 0.82 lots 2
Long 59% 1.17 lots 7
0% of traders are currently trading ZARJPY.