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The rand extended its winning run, strengthening more than 1.5% after the South African Reserve Bank cut interest rates by a further 50 basis points, citing low inflation risks. Economists were interviewed on the impact of the cut on the real economy.
The piece is a brief preview of the commentary.
Lower domestic interest rates weigh on the rand and can shift import costs for feed buyers, though the immediate effect here was a currency gain.
cnbcafrica.comMay 21, 2020Not 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.
