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SARB's Kganyago Sees No Taper Tantrum Ahead, Local CPI Balanced


SARB Gov Kganyago via RTRS:

  • Does not see another "taper tantrum" coming as global lending rates normalise
  • Says SA's financial markets unlikely to suffer severe disruption from global policy normalisation
  • Monetary policy will not try to stem capital outflows, reaction function is to inflation
  • Risks to inflation outlook are balanced, giving scope to continue with accommodative policy
  • as long as inflation on a forward-looking basis is contained, there is no need to adjust policy
  • SARB responded with scale, speed when economy was hit by covid-19 shock
  • Says SARB's contribution to lowering inequality is containing inflation
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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