Key facts
- South African central bank Governor Lesetja Kganyago pledged to lower inflation.
- The target inflation rate is 3%.
- The commitment was made in light of current economic conditions and monetary policy objectives.
The South African central bank's commitment to its inflation target is crucial for maintaining price stability and supporting economic growth. Governor Kganyago's statement signals the bank's focus on managing inflationary pressures and its dedication to achieving its monetary policy goals.