SARB warns inflation risks remain
The South African Reserve Bank says it appears
the risk of higher inflation still remains.
The Reserve Bank's governor, Lesetja Kganyago, made the remarks at the Central Bank's Monetary Policy Review in Johanneburg on Tuesday.
Last week, Statistics South Africa announced that headline consumer inflation slowed to 5.3% in March from 5.6% in February.
READ: Inflation eases for first time in 2024
"As the monetary Policy Committee we remain resolute in fulfilling our primary mandate to maintain price stability in the interest of balance and sustainable growth," Kganyago said.
"Our policy actions will always seek to anchor inflation and inflation expectations at all closer to the mid point of our target band."
