Loading…
Commerzbank expects the rand to face further downside pressure after the South African Reserve Bank hiked its key rate by 75 bps to 6.25% last week. It sees a further 50 bp hike likely at the November meeting.
Higher South African rates and a weaker rand raise import costs for feed inputs, and the currency outlook signals continued pressure on local buyers.
teletrade.orgSep 28, 2022Not 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.
