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The MPC cut the repo rate by 25bps, in line with expectations, and one of five members had backed a 50bps cut. Inflation forecasts were revised down and the committee left the door open to another cut in September or November.
The analyst noted the rand's recovery and uncertainty from US tariff rulings.
The rate cut and mixed outlook for the rand leave South African import costs for feed broadly unchanged in the near term. The effect on global feed commodity prices is negligible.
investec.comTertia JacobsMay 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.
