Loading…
The South African Reserve Bank cut its main lending rate by 25 basis points to 6.5%, its first easing since March 2018. The rand firmed to 13.82 per dollar and bond yields fell, though the central bank signalled that further cuts were not guaranteed.
Lower domestic rates and a firmer rand would reduce the local cost of dollar-denominated feed imports, but the cautious guidance limits the impact.
moneyweb.co.zaNqobile Dludla, ReutersJul 19, 2019Not 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.
