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The SARB announced a 50 basis point repo rate increase on 30 March, 25 basis points more than the market expected. Inflation for January and February came in above forecasts, driven by fuel, electricity and food prices.
Economists described the bank as having returned to orthodox policy.
Tighter rates support the rand and lower imported feed costs for South African buyers, while elevated food inflation points to firm domestic demand for animal protein.
dailyinvestor.comBianke NeethlingApr 1, 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.
