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The rand held near three-month lows after the South African Reserve Bank pushed back its expected timing of the first post-crisis rate hike to the fourth quarter. Investec and Goldman Sachs see lift-off delayed to 2022 at the earliest.
Delayed rate hikes keep the rand under pressure, which raises the local-currency cost of imported feed inputs for South African buyers.
poundsterlinglive.comJames SkinnerJul 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.
