Browsing: Lesetja Kganyago

Current affairs
Inflation slows to 5-year low

South Africa’s inflation rate fell in May as food prices rose at the slowest pace since 2013, reducing chances that the central bank will increase interest rates later this year. Consumer prices climbed 4.4% from a year

Current affairs
Inflation falls to 7-year low

South Africa’s inflation rate fell to seven-year low in March, moving further below the midpoint of the central bank’s target range. Inflation slowed to 3.8% from a year earlier compared to 4% in February, Pretoria-based

News
SA cuts key rate for first time in five years

The Reserve Bank cut borrowing costs for the first time in five years as inflation eased to a 19-month low and the economy suffers through the second recession in almost a decade. The Monetary Policy Committee

News
Inflation falls to 17-month low

South Africa’s inflation rate fell within the central bank’s target band in April for the first time in eight months, reinforcing chances that the rate-increase cycle may have come to an end

News
SA will keep targeting inflation

South African inflation is under control and the central bank will maintain a policy to keep it low to protect the poor and ease inequality, Reserve Bank governor Lesetja Kganyago said. Pursuing other priorities

Current affairs
Give Gigaba time: Kganyago

Newly appointed finance minister Malusi Gigaba should be given time to settle into the job before being judged on his performance, according to central bank governor Lesetja Kganyago. President Jacob Zuma’s decision to fire Pravin Gordhan as finance

Current affairs
Politics may stop first SA rate cut since 2012

A stronger rand and falling inflation expectations may allow South African Reserve Bank governor Lesetja Kganyago to start cutting interest rates this year as long as political developments don’t derail the currency’s gains. Higher commodity prices and

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