Loading…
The SARB's November Monetary Policy Committee statement, issued by Governor Kganyago, outlines risks to South Africa's growth including rising inflation, weaker commodity export prices and stagnant investment. It also cites weaker global growth forecasts and increased risk aversion in financial markets.
Rising inflation and capital-flow volatility point to tighter policy and a weaker currency risk for South African feed costs. Weaker commodity export prices also signal softer demand from the region's economy.
rcci.co.zaRCCINov 19, 2021Not 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.
