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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: Nov 23, 13:00
Time left: 50 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
18.3376
-9232 pips
18.5001
+7607 pips
19.26075
Symbol Action Percentage Volume Positions
USDZAR Short 92% 5.20 lots 69
Long 8% 0.43 lots 9
0% of traders are currently trading USDZAR.
EURZAR
18.6577
-15081 pips
19.7307
+4351 pips
20.16581
Symbol Action Percentage Volume Positions
EURZAR Short 98% 5.46 lots 301
Long 2% 0.11 lots 7
0% of traders are currently trading EURZAR.
ZARJPY
0
-778 pips
8.0638
-28 pips
7.7811
Symbol Action Percentage Volume Positions
ZARJPY Short 0% 0.00 lots 0
Long 100% 16.34 lots 59
0% of traders are currently trading ZARJPY.