End of ‘hiking cycle’ has been reached – Sarb’s Kganyago
South African Reserve Bank publishes improved inflation forecast as MPC votes to leave interest rates at 7%
The governor of the South African Reserve Bank (Sarb) has said the central bank has reached the end of its “hiking cycle”, after its monetary policy committee (MPC) found “no evidence of significant demand pressures” on inflation.
Delivering the Sarb’s latest monetary policy statement today (March 20), Lesetja Kganyago said the committee would need to see “sustained improvement” in the inflation outlook before reducing rates.
“The MPC assesses the risk to the inflation outlook to be moderately
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