Loading…
The SARB cut its repo rate by 25 basis points to 6.5%, lowering the prime lending rate to 10%. The rand reacted only mildly because the cut was widely expected, and the bank forecasts 2018 inflation of 4.9%.
The rate cut was largely priced in, so the currency impact on feed import costs is limited and the main effect is on domestic borrowing costs.
ig.comShaun MurisonMar 28, 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.
