US policies could increase inflation - Kganyago

US policies could increase inflation - Kganyago

South African Reserve Bank Governor Lesetja Kganyago has warned that certain US policies could disrupt the central banks' efforts to cut interest rates by fuelling inflation. 

Governor Lesetja Kganyago opening remarks — G20 Finance and Central Bank Deputies Meeting
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Speaking at the World Economic Forum in Davos on Tuesday, he said the measures, such as increasing trade tariffs, have the potential to slow disinflation and force monetary policy tightening.

 

Central banks globally, including South Africa, began reducing rates last year as inflation eased.

 READ: Ramaphosa to address World Economic Forum on Tuesday

Ours cut rates to 7.75% in November, with another reduction expected on January 30.


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