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South African Reserve Bank governor Lesetja Kganyago and BIS chief Agustin Carstens warned that supply constraints and rising inflation in advanced economies will spread to emerging markets. They said Fed policy normalisation will likely realign exchange rates and reprice financial assets.
Rising fuel and food prices are expected to push South African inflation higher.
A weaker rand and higher inflation raise South African import costs for feed ingredients and fuel. Currency realignment could make USD-priced feed inputs more expensive for South African buyers.
businessday.co.zaHilary JoffeOct 25, 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.
