FX.co ★ South African Rand Little Changed After SARB Decision

The South African rand remained relatively stable at approximately 17.2 per USD, following the South African Reserve Bank's (SARB) move to resume monetary policy easing by reducing its key repo rate to 6.75%. This unanimous decision by the central bank represents a strategic shift towards a more accommodative monetary policy, intended to bolster economic recovery in light of a more favorable inflation forecast.