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The South African Reserve Bank kept its benchmark rate unchanged at 8.25%, a 15-year high, in a unanimous decision on May 30. Annual CPI cooled to 5.2% in April, and the SARB now expects inflation to reach its 4.5% midpoint sooner.
A steady rate with easing inflation supports the rand's stability, but holding rates high keeps credit costs elevated for South African feed and livestock operators.
news24.comRenée BonorchisMay 30, 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.
