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April 15, 2021 13:43 GMT
SARB's Kganyago Sees No Taper Tantrum Ahead, Local CPI Balanced
SOUTH AFRICA
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 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
To read the full story
Close
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.
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
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.
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