{"id":15409,"date":"2025-11-17T09:02:15","date_gmt":"2025-11-17T07:02:15","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/rand-steady-as-markets-brush-off-credit-upgrade-pivot-to-interest-rate-decision\/"},"modified":"2026-02-27T16:27:38","modified_gmt":"2026-02-27T14:27:38","slug":"rand-steady-as-markets-brush-off-credit-upgrade-pivot-to-interest-rate-decision","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-steady-as-markets-brush-off-credit-upgrade-pivot-to-interest-rate-decision\/","title":{"rendered":"Rand steady as markets brush off credit upgrade, pivot to interest rate decision"},"content":{"rendered":"<div>The South African (SA) Rand held its ground in early trading on Monday, shrugging off Standard and Poor&#8217;s Global first credit upgrade of the country since 2005, a move to BB from BB- with a positive outlook, as investors shifted focus to this week&#8217;s looming interest rate decision.<\/div>\n<div><\/div>\n<div>The Rand traded at 17.07 against the United States Dollar, little changed from its Friday close.<\/div>\n<div><\/div>\n<div>&#8220;The muted reaction reflects that the move was largely priced in, though the upgrade, combined with Treasury&#8217;s backing of a 3% inflation target, supports SA&#8217;s longer term risk profile,&#8221; said Wichard Cilliers, Head of Market Risk at TreasuryONE, in a note.<\/div>\n<div><\/div>\n<div>Last week, the Rand briefly broke below a key 17 per Dollar level for the first time since February 2023 to touch 16.955 after the government&#8217;s Medium-Term Budget Policy Statement showed signs of fiscal discipline.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":14374,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-15409","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"SA Rand held its ground in early trading on Monday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15409\/revisions"}],"predecessor-version":[{"id":19658,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15409\/revisions\/19658"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/14374"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=15409"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=15409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}