Loading…
South Africa formally adopted a 3% inflation target last month, a policy championed by central bank governor Lesetja Kganyago. The move helped pull 10-year bond yields to 2017 lows and put the rand on track for its strongest year against the dollar since 2009.
Lower inflation expectations and bond yields support the rand, which lowers rand-denominated import costs for South African feed buyers, though the new target could also limit the currency's further gains.
bloomberg.comMonique VanekDec 18, 2025Not 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.
