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South African Reserve Bank Governor Lesetja Kganyago said the bank will respond to currency moves only if they threaten to raise inflation. He noted rising developed-market rates could push capital out of emerging markets, and that the bank has room to absorb risks such as currency moves or an oil price spike.
A central bank that will not react to first-round rand moves signals limited policy offset to currency swings, so import costs for feed inputs will track the exchange rate and oil prices directly.
moneyweb.co.zaOnur Ant, BloombergApr 19, 2018Not 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.
