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The rand weakened in early trade on May 28, ahead of the SARB decision. Fifteen of 22 economists polled expected a 25-basis-point hike to 7.00%.
Pre-decision rand weakness reflects expectations and inflation risk rather than a new supply or demand shock. The effect on feed costs is negligible.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.