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The SARB's Monetary Policy Committee kept the repurchase rate at 8.25%, leaving the prime rate at 11.75%, in a unanimous decision on May 30. Governor Kganyago said the rand had been volatile and that markets still expect some US Federal Reserve easing this year.
Holding rates steady while the rand stays volatile keeps South African borrowing costs high and leaves import-price pressure on feed buyers tied to currency swings.
property24.comMay 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.
