Business & Finance
South Africa’s Kganyago Warns Inflation Expectations Are Rising
Key Points
Central Banks South Africa’s Kganyago Warns Inflation Expectations Are Rising South Africa’s central bank governor said policymakers are seeing early signs of second-round inflation effects as underlying price pressures build, emphasizing the need to act. When the central bank hiked interests rates in May for the first time in three years by 25 basis points to 7%, it didn’t have the latest inflation expectations, Lesetja Kganyago said in an interview with broadcaster CNBC Africa on Friday.
Central Banks
South Africa’s Kganyago Warns Inflation Expectations Are Rising
South Africa’s central bank governor said policymakers are seeing early signs of second-round inflation effects as underlying price pressures build, emphasizing the need to act.
When the central bank hiked interests rates in May for the first time in three years by 25 basis points to 7%, it didn’t have the latest inflation expectations, Lesetja Kganyago said in an interview with broadcaster CNBC Africa on Friday.