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The South African Reserve Bank held the repo rate at 7% and said the tightening cycle may be over. Inflation forecasts were lowered, with headline CPI expected to return to target in Q2 2017.
The rate hold and lower inflation outlook have minimal direct impact on animal feed commodity prices.
sanews.gov.zaMar 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.
