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Reserve Bank Governor, Lesetja Kganyago.
Governor Lesetja Kganyago says the Reserve Bank’s fight against inflation is starting to yield positive outcomes, bringing about relief for consumers facing economic pressures.
Kganyago led the SARB Forum on an engagement with members of the community in Soweto, following the announcement of an interest rate cut by 25 basis points.
He says further relief is expected in line with low inflation but raised concerns over the global tariff war.
We hosted our Talk to the SARB forum in Soweto yesterday. This event brings together the entire MPC to field the public’s questions. We were asked about everything from monetary policy to crypto assets and faster payments. Watch the discussion here: pic.twitter.com/r2EfP2US6D
— Lesetja Kganyago (@KganyagoLesetja) June 4, 2025
Kganyago says they have revised the trajectory of inflation over the next three years.
“We have revised it lower; we expected that inflation will average 3% during the course of this year. It will, there will be months where it will go to 4% and even go about 5%, about 4.5%, but the average for this year would be just around 3%. But today we also received GDP figures and not a pretty picture, figures which show that we are just growing by 0,1%,” says Kganyago.
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