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The South African Reserve Bank held its repo rate at 8.25% for a seventh straight meeting, but two members voted for a 25 basis point cut. Markets now price a high likelihood of a September cut, with another possible in November.
Expected rate cuts narrow the interest-rate gap with the US and tend to weaken the rand, which raises the local cost of imported feed ingredients.
businesstech.co.zaGovernmentJul 22, 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.
