Kganyago

South Africa's Cautious Approach to Interest Rates Amid Economic Uncertainty

14 days ago

In a recent statement, South Africa's central bank Governor, Lesetja Kganyago, expressed a cautious stance on interest rates, advocating for careful decision-making to avoid potential economic regrets. The Reserve Bank is navigating a complex landscape of inflation concerns and sluggish economic growth, prompting officials to adopt a prudent approach as they consider adjustments to the benchmark interest rate.

South Africa's Kganyago Hints at Upcoming Changes to Inflation Target Framework

1 month ago

In a significant announcement, Lesetja Kganyago, the Governor of the South African Reserve Bank, revealed that the review of the country’s inflation targeting framework is nearing completion. This review is poised to reshape South Africa’s approach to managing inflation, which has been a critical issue for the country's economic stability.

South Africa's Central Bank Maintains Inflation Target as Economic Challenges Persist

2 months ago

The South African Reserve Bank (SARB) recently indicated that it is unlikely to adjust its consumer price index (CPI) target downward in the near future. This announcement comes amidst ongoing economic challenges that the nation faces, including high inflation and significant volatility in both the domestic and global markets.

South Africa's Kganyago Declares Inflation Risk Balance as Stable Amid Economic Challenges

2 months ago

In a significant statement reflecting the current economic landscape, South African Reserve Bank Governor Lesetja Kganyago has proclaimed that the balance of inflation risks within the nation appears stable. This assertion comes as the country navigates a convoluted economic environment characterized by fluctuating inflation rates and global economic pressures.

South Africa's Inflation Target: A Call for Lowered Expectations by Kganyago

2 months ago

In a significant development regarding South Africa's economic strategies, Reserve Bank Governor Lesetja Kganyago has voiced his conviction that the nation's inflation target should be revisited and potentially set at a lower threshold than the current level of 3% to 6%. This proposal has sparked considerable dialogue among economists and policymakers, hinting at possible shifts in monetary policy that could impact the South African economy in the near future.

South Africa's Central Bank Governor Advocates for Adjusting Inflation Target

2 months ago

In a significant policy discussion, Lesetja Kganyago, the Governor of the South African Reserve Bank (SARB), voiced his support for reconsidering the country's current inflation targets. During a recent economic forum, Kganyago emphasized that the central bank should explore the possibility of lowering the inflation goal from its current rate of 3% to 6%. This suggestion arises amid ongoing concerns regarding the nation’s economic resilience and the challenges posed by high inflation rates globally.