South African Central Bank Governor's Remarks on Interest Rate Decision

Below are some quotes from South African Reserve Bank Governor Lesetja Kganyago at a media conference on Thursday as he announced the central bank’s decision to keep its main lending rate unchanged at 8.25%.

INFLATION
“Better monthly outcomes have led to a downward revision in our forecast for core inflation to 5.2% in 2023 (previously 5.3%), 4.9% (from 5.0%) and 4.5% (from 4.6%)in 2024 and 2025, respectively.”

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