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South Africa's inflation rose to 5.2% in May from 4.4% in April, a 30-month high and above the central bank's 4.5% target midpoint. Economists expect the South African Reserve Bank to hold rates unchanged through 2021, with a possible hike as early as the fourth quarter.
Higher domestic inflation and possible future rate hikes affect the South African rand and the cost of financing feed imports, but the story has no direct grain or feed supply driver.
businesstech.co.zaBloombergJun 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.
