Loading…
South African inflation for July eased, with food and non-alcoholic beverage inflation falling to 4.5% from 4.6%. The data strengthened the case for a central bank rate cut in September.
Lower inflation and possible rate cuts support the rand and ease domestic financing costs for livestock and feed operations, though the effect on grain prices is limited.
reuters.comTannur AndersAug 21, 2024Not 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.
