Kganyago says SARB remains firmly committed to driving inflation down
South African Reserve Bank (SARB) Governor Lesetja Kganyago says the central bank remains firmly committed to driving inflation down toward its three percent target, despite persistent global shocks.
Addressing the Reserve Bank’s annual shareholders general meeting in Pretoria, Kganyago stressed that lower inflation is essential for bringing interest rates down in the long run.
Kganyago says external shocks are inevitable, but the Reserve Bank’s focus remains on protecting the rand’s purchasing power.
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