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The rand recovered after the SARB raised its benchmark rate by 25 basis points to 7.00%, its first increase since 2023. Governor Kganyago warned that further tightening may be needed if the Iran conflict keeps energy prices high.
Rate hikes and the warning of more tightening strengthen the rand against the dollar and reduce imported inflation pressure. The effect on feed commodity prices is indirect.
exchangerates.org.ukDave TaylorMay 29, 2026Not 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.
