
The South African Reserve Bank held its repo rate at 6.75% and said its model now shows only one more rate hike is needed before 2021, down from three in November. It lowered its 2019 inflation forecast to 4.8% from 5.5%, mainly because of lower oil prices and a less depreciated rand.
Less pressure for rate hikes weakens the rand, which raises local-currency costs for dollar-priced feed imports. The lower inflation outlook reflects the fall in oil prices, which affects energy costs for feed production.
Belum cukup peristiwa historis yang sebanding untuk analisis historis.
Setelah 565 peristiwa makro bearish sebelumnya, Minyak Mentah (WTI) bergerak median -1,4% selama 5 sesi (41% lebih tinggi; separuh tengah -5,9% sampai +3,0%), dan -0,5% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.