Sarb ‘very committed’ to 3% target, despite current shock
Iran conflict is causing price pain but situation ‘could be worse’, says governor
The South African Reserve Bank (Sarb) is “very committed” to getting inflation back to its 3% target and has a “well-tested playbook” for achieving this, its governor has said.
Outlining the central bank’s outlook for monetary policy at Rhodes University on May 4, Lesetja Kganyago acknowledged the challenges presented by the Iran war. However, he added that South Africa had gone into the current supply shock with “record-low inflation expectations and monetary credibility as strong as it had
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