Fall in inflation only ‘temporary’ – Sarb governor
Positive factors underlying inflation decrease may not be here to stay, says Kganyago
The governor of the South African Reserve Bank (Sarb) has said the decline witnessed in inflation for the month of August is "expected to be temporary", as he outlined monetary policy developments in the region.
Speaking to investors in New York on October 4, Lesetja Kganyago analysed the "difficult environment" monetary policy continues to operate in, causing inflation to stay outside the 3–6% target range for the first half of the year.
However, in August the bank reported an annual inflation
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