Key Facts

• South African Reserve Bank Governor Lesetja Kganyago stated that the SARB will respond to above-target CPI expectations, indicating a proactive approach to managing inflation.
• The discussion on inflation and monetary policy occurred at the ECB Forum on Central Banking, an event held in Sintra, Portugal, where Kganyago was interviewed by Bloomberg's Francine Lacqua.
• The Governor's comments come as the SARB seeks to maintain inflation within a target range, although the specific measures and timelines for responding to above-goal CPI expectations were not detailed in the report.