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The South African Reserve Bank cut its repo rate by 25 basis points to 7.25% in a unanimous decision. The cut brought the rate to its lowest level in more than two years.
Governor Lesetja Kganyago was described as dovish but measured.
A lower policy rate can ease local financing costs for South African feed producers, but it has little effect on global feed prices.
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.