Free Trial

Little New in ENCA Interview with SARB's Kganyago

  • ENCA publish their interview with SARB governor:
  • 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 |
MNI London Bureau | +44 203-865-3809 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.