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The SARB's Monetary Policy Committee raised the repo rate by 25 basis points to 4%, effective January 28, 2022, in a 4-1 vote. The governor said food and fuel inflation risks had materialised and currency volatility had increased.
Tighter policy aims to contain food inflation, which feeds into local feed and food costs, while the rate move signals currency pressure that affects import prices.
sanews.gov.zaJan 27, 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.
