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The South African Reserve Bank is expected to raise its repo rate by a further 75 basis points this year. Annual inflation rose to 5.9% in March from 5.7% in February, driven mainly by food and fuel price increases after Russia's invasion of Ukraine.
Tighter South African monetary policy supports the rand, but food inflation signals higher input costs for local feed and food producers. The direct commodity price impact is limited.
reuters.comVuyani NdabaApr 22, 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.
