South Africa Central Bank Updates Risk Scenarios for March
Governor Lesetja Kganyago said the bank will update its risk models before the March 26 meeting. Rising oil prices and currency shifts prompted the change.
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The central bank of South Africa is preparing to update its economic risk models ahead of its next policy meeting, as the widening conflict in the Middle East exerts upward pressure on global energy prices. Governor Lesetja Kganyago noted that the geopolitical situation involving Israel, the United States, and Iran has fundamentally altered the bank's previous projections.
