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Search resuls for: "Lesetja Kganyago"


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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStructural changes are needed to get the economy growing again, says South Africa central bank headSpeaking to CNBC's Karen Tso at the IMF Spring Meetings, Lesetja Kganyago, governor of the Reserve Bank of South Africa, discusses his country's economy and what's needed to improve the growth and inflation picture.
Persons: Karen Tso, Lesetja Kganyago Organizations: Reserve Bank of Locations: South Africa, Reserve Bank of South Africa
Delegates walk past the logos of the BRICS summit during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. WHY DOES LULA WANT A BRICS CURRENCY? A BRICS currency "increases our payment options and reduces our vulnerabilities," he told the summit's opening plenary session. In July, India's foreign minister said, "there is no idea of a BRICS currency". WHAT ARE THE CHALLENGES OF SETTING UP A BRICS CURRENCY?
Persons: GIANLUIGI, Luiz Inacio Lula da Silva, LULA, doesn't, Vladimir Putin, Xi Jinping, Lesetja Kganyago, you've, Kganyago, Herbert Poenisch, Putin, Rachel Savage, Ethan Wang, Marcela Ayres, Gabriel Stargardter, Naomi Rovnick, Libby George, Marc Jones, John Stonestreet Organizations: REUTERS Acquire, Rights, Mercosur, South, Zhejiang University, Federal Reserve, FX, International Monetary Fund, Bank of International, Thomson Locations: Sandton, Johannesburg, South Africa, Rights JOHANNESBURG, Brazil, Russia, India, China, Russian, videolink, African, Ukraine, Beijing, Brasilia, Rio de Janeiro, London
The South African Reserve Bank's (SARB) monetary policy committee (MPC) kept rates at 8.25% as inflation forecasts came in lower than previous ones and economic conditions improved. Kganyago said future rate decisions would continue to depend on economic data and risks to the inflation outlook. The bank expects inflation to fall back to the midpoint of the target range sustainably only by the third quarter of 2025. Jason Tuvey, deputy chief emerging markets economist at Capital Economics, said in a note that rate cuts were likely to materialise only early next year. "The split vote suggests that inflation concerns continue to linger and it is likely to take some time before a majority on the MPC are in favour of rate cuts," Tuvey said.
Persons: Lesetja Kganyago, Kganyago, Jason Tuvey, Tuvey, Kuben Naidoo, Nellie Peyton, Tannur Anders, Kopano, Anait Miridzhanian, Promit Mukherjee, Rachel Savage, Alexander Winning, Olivia Kumwenda, Frances Kerry Organizations: South, Reuters Graphics Reuters, Capital Economics, MPC, Thomson Locations: PRETORIA
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation is a bigger risk than over-tightening, says central bank governorSouth African Reserve Bank Governor Lesetja Kganyago says it's better to go too far than not far enough on rates.
Persons: Lesetja Kganyago, it's Organizations: South African Reserve Bank
South African rand pauses after steep fall; focus on U.S. CPI
  + stars: | 2023-05-10 | by ( ) www.reuters.com   time to read: +1 min
JOHANNESBURG, May 10 (Reuters) - The South African rand was little changed in early trade on Wednesday after a steep fall the previous day, with global market attention firmly pinned on U.S. inflation figures due later in the day. At 0545 GMT the rand traded at 18.6425 against the U.S. currency , not far from its previous close of 18.6375. The risk-sensitive rand lost more than 1.6% against the greenback on Tuesday, as caution built ahead of Wednesday's U.S. Consumer Price Inflation (CPI) print scheduled for 1230 GMT. Economists expect the headline CPI to hold steady at an annual 5% and core CPI to moderate very slightly to 5.5%, though anything stickier could confound bets interest rates will fall. Among local drivers, South Africa's central bank governor Lesetja Kganyago will from 0900 GMT deliver a lecture on the topic: "Challenges facing the global economy: A South African Perspective".
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Africa central bank governor sees upside risk to inflation outlookSouth African Reserve Bank Governor Lesetja Kganyago discusses the central bank's recent surprise move to hike interest rates and concerns about movements in the currency.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouth Africa central bank will remain vigilant to inflationary pressures, governor saysSouth Africa Reserve Bank Governor Lesetja Kganyago discusses inflationary pressures in the country and the outlook for monetary policy.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDifficult to tell if close to the end of the rate hiking cycle, South African Reserve Bank governor saysLesetja Kganyago, Governor of the South African Reserve Bank, discusses the outlook for monetary policy over the coming months and power problems in the country.
Comitetul Financiar şi Monetar (CMFI), forul de conducere al Fondului Monetar Internaţional, a ales-o pe Magdalena Andersson, ministra Finanţelor din Suedia, pentru a prelua postul de preşedinte al CMFI, relatează europapress.es și Le Figaro. Despre asta a informat FMI, printr-o notă informativă publicată la 17 decembrie curent. Magdalena Andersson va fi prima femeie în postul de preşedinte al CMFI şi va avea un mandat de trei ani, începând din data de 18 ianuarie 2021. Andersson este ministru de Finanţe al Suediei începând din luna octombrie 2014 şi anterior a ocupat mai multe poziţii importante în guvern. De asemenea, Andersson a făcut parte din consiliile de administraţie ale mai multor bănci multilaterale de dezvoltare, inclusiv la Banca Mondială.
Persons: Magdalena Andersson, Figaro, ., Andersson Organizations: Comitetul, Monetar Internaţional, Banca Mondială ., Partidul Social Democrat Suedez, Universitatea Harvard Locations: Suedia, FMI, Africa de Sud, Washington, Suediei, Stockholm, Viena
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