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The South African Reserve Bank said rising country risk is pushing up interest rates despite falling inflation expectations. Moody's had cut South Africa's 2020 growth forecast to 0.7% and the rand was trading near 15.04 per dollar.
Higher domestic rates and a weaker currency raise financing costs and import prices for South African feed producers, though the effect on commodity prices is limited.
furtherafrica.comFeb 19, 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.
