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The SARB cut its policy rate to 7.25%, the lowest in more than two years, and signalled a possible move to a 3% inflation target, its biggest framework shift since 2000. Ten-year bond yields fell to a four-month low and the rand strengthened about 1% against the dollar.
The government has not yet made a final decision on the target.
Lower South African rates and a firmer rand reduce local import costs for feed buyers, and a framework change could support longer-term bond inflows. The direct effect on global feed prices is small.
currencynews.co.zaVernon WesselsMay 29, 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.
