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The SARB's MPC raised the repurchase rate by 50 basis points to 7.75%, with three members favouring the increase and two favouring 25 basis points. Governor Kganyago said policy is now less accommodative and aims to anchor inflation expectations.
Tighter South African policy supports the rand and lowers import costs for feed, though it also signals weaker domestic consumer demand over time.
privateproperty.co.zaSarah-Jane MeyerMar 31, 2023Not 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.
