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Monetary policy amidst high inflation

· Lesetja Kganyago, Governor of the South African Reserve Bank (South Africa)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, development and emerging economies

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· Lesetja Kganyago Wiki · South African Reserve Bank WikiMonetary policy amidst high inflation

ContextAddress by Lesetja Kganyago, Governor of the South African Reserve Bank, at the American Chamber of Commerce, Pretoria, 5 April 2023.

Why it mattersKganyago aims to bring inflation to the midpoint of the target.

Problems raised
  1. South Africa faces high inflation.
  2. Inflation expectations may surprise higher.
  3. Business environment is difficult.
Solutions proposed
  1. Get inflation to the midpoint of target.
  2. Take further steps if needed.
  3. Engage with businesses.
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