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The South African Reserve Bank kept its repo rate at 7%, with five MPC members voting to hold and one favouring a 25 basis point cut. The bank cut its 2017 inflation forecast to 5.9% and said political uncertainty poses downside risk to growth.
Holding rates while inflation eases keeps South African financing costs steady, with limited direct effect on grain or oilseed prices.
moneyweb.co.zaEleanor BeckerMar 30, 2017Not 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.
