Kganyago Sees South Africa CPI Staying in Target Despite Risks

South Africa’s central bank Governor Lesetja Kganyago signaled confidence that inflation would remain within its target for the next two years, despite uncertainties stemming from US tariffs.

“Our baseline is that we think that over the next 24 months that it will remain within target,” Kganyago said in an interview with Bloomberg Television on Wednesday. “But we do caution that the outlook is clouded,” he said on the sidelines of a meeting of the Group of 20 finance ministers at a resort on South Africa’s east coast.