# South African Reserve Bank to raise by another 75 basis points this year

> 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.

- Date: 2022-04-22 · published 2022-04-22T12:00:00.000Z
- Category: policy · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/42128-south-african-reserve-bank-to-raise-by-another-75-basis-points-this-year
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

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.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/africa/south-african-reserve-bank-raise-by-another-75-basis-points-this-year-2022-04-22/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.