SARB Didn’t Miss Chance to Cut Rates, Says Kganyago

The transcript discusses the purpose of monetary policy, emphasizing that it is not solely about adjusting interest rates but about maintaining inflation within a target range. It highlights the sensitivity of the Rand to political and economic factors and its role as a risk to inflation. The Central Bank's mandate to protect the currency's value is clarified, focusing on domestic purchasing power. The transcript also addresses the challenges posed by potential sovereign rating downgrades and the complexities added by political dynamics in South Africa's vibrant democracy.

In what ways does the exchange rate pose a risk to the economy?

What challenges does the Central Bank face in maintaining price stability?