{"id":41290,"date":"2026-08-01T09:00:25","date_gmt":"2026-08-01T07:00:25","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=41290"},"modified":"2026-08-01T09:00:25","modified_gmt":"2026-08-01T07:00:25","slug":"sarb-remains-firmly-committed-to-driving-inflation-down","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/sarb-remains-firmly-committed-to-driving-inflation-down\/","title":{"rendered":"&#8216;SARB remains firmly committed to driving inflation down&#8217;"},"content":{"rendered":"<div>South African Reserve Bank (SARB) Governor Lesetja Kganyago says the central bank remains firmly committed to driving inflation down toward its three percent target, despite persistent global shocks.<\/div>\n<div><\/div>\n<div>Addressing the SARB\u2019s annual shareholders general meeting in Pretoria, Kganyago stressed that lower inflation is essential for bringing interest rates down in the long run.<\/div>\n<div><\/div>\n<div>He also reassured shareholders of the central bank\u2019s underlying financial strength, pointing to a significant growth in SA\u2019s foreign exchange reserves over the past decade.<\/div>\n<div><\/div>\n<div>Kganyago says external shocks are inevitable, but the SARB\u2019s focus remains on protecting the Rand\u2019s purchasing power.<\/div>\n<div><\/div>\n<div>\u201cIn 2025, we made a choice to have lower inflation. Yes, we have now been hit by a shock that was completely exogenous and has nothing to do with our choices. But shocks will happen. For the SARB, our job is to ensure inflation reverts to target. Monetary policy does not control the prices of individual goods and services. But we do have a lot of influence over the longer-run buying power of the rand, across a broad purchase basket, and we intend to protect that,\u201d says Kganyago.<\/div>\n<div><\/div>\n<div>&#8211;SABC&#8211;<\/div>\n","protected":false},"featured_media":40415,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-41290","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Kganyago says external shocks are inevitable, but the SARB\u2019s focus remains on protecting the Rand\u2019s purchasing power.","published_date":"","news_description":"Kganyago says external shocks are inevitable, but the SARB\u2019s focus remains on protecting the Rand\u2019s purchasing power.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/41290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/41290\/revisions"}],"predecessor-version":[{"id":41291,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/41290\/revisions\/41291"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/40415"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=41290"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=41290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}