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The rand firmed slightly against the dollar on January 27 ahead of an expected South African Reserve Bank repo rate hike to 4%. Consumer inflation reached a near five-year high of 5.9%, faster than expected.
Expectations of a rate hike and high inflation support the rand, which lowers the local cost of dollar-priced feed imports.
sabcnews.comPaballo LephakaJan 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.
