Loading…
A CNBC Africa segment previewed the implications of the US Federal Reserve confirming a reduction in its bond purchases, known as the taper, for South African monetary policy. Economists from ABSA and RMB were interviewed ahead of the announcement.
The segment was published on 23 September 2021.
A Fed taper tends to strengthen the dollar and tighten conditions for emerging-market currencies, which can raise import costs for South African feed buyers. The direct effect on grain prices is limited.
cnbcafrica.comSep 23, 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.
