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Little New in ENCA Interview with SARB's Kganyago

SOUTH AFRICA
  • ENCA publish their interview with SARB governor: https://www.enca.com/business/sarb-aiming-45-infla...
  • Kganyago says the country's inflation rate is currently sitting at 7.8 percent, and it's borrowers who are feeling the pinch.
  • "Once you see the inflation decline back into the target -- moving towards 4.5 percent which is what we aim for -- that will be telling you that the interest rate cycle has done its job.
  • Little new information in the interview, with the next SARB decision on November 24th. CPI data tomorrow is expected to show CPI holding at 7.6% on the year.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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