End of ‘hiking cycle’ has been reached – Sarb’s Kganyago

Lesetja Kganyago
Kganyago delivers a more positive outlook, but exchange rate issues still linger
Elske Photography

The governor of the South African Reserve Bank (Sarb) has said the central bank has reached the end of its “hiking cycle”, after its monetary policy committee (MPC) found “no evidence of significant demand pressures” on inflation.

Delivering the Sarb’s latest monetary policy statement today (March 20), Lesetja Kganyago said the committee would need to see “sustained improvement” in the inflation outlook before reducing rates.

“The MPC assesses the risk to the inflation outlook to be moderately

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