South Africa’s SARB Will Act If War Inflation Shock Persists

The South African Reserve Bank will respond to inflationary pressures triggered by the US-Israeli war on Iran if they prove persistent, Governor Lesetja Kganyago said.

“We do not know how long this conflict is going to last,” Kganyago told an audience on Wednesday at the Soweto Theatre, southwest of Johannesburg. When shocks like this arise, the central bank treats them as temporary, he said.