Kganyago says SARB must keep rate options open on inflation
Governor Lesetja Kganyago says policymakers need flexibility as geopolitical shocks cloud the outlook. Inflation hit 3.1% in April amid rising oil price risks.
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South Africa central bank Governor Lesetja Kganyago said policymakers must keep interest rate options open as headline inflation rose to 3.1% in April. The figure sits above the 3% target while the main lending rate remains at 6.75% following two consecutive holds. Investors face potential rate hikes if geopolitical shocks from the Middle East continue to drive domestic fuel and food costs higher.
