Loading…
The South African Reserve Bank's monetary policy committee kept the repo rate unchanged at 6.75%, as widely expected. The prime lending rate stays at 10.25%, and GDP growth for 2019 was forecast at 1%.
Unchanged rates keep borrowing costs for South African feed producers and farmers steady. The decision has little direct effect on grain or feed prices.
news24.comFin24May 23, 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.
