S. Africa’s Kganyago: Did not expect Q1 GDP figures to be so weak

Eren Sengezer FXStreet

South Africa’s Central Bank Governor Kganyago is crossing the wires, via Reuters, explaining that he did not expect Q1 GDP figures to be so weak.

Key quotes (via Reuters):

Central bank to make appropriate decision on interest rates at scheduled July MPC meeting
Central Bank's fundamental, constitutional mandate is to protect the value of the currency in the interests of balanced and sustainable growth
Keeping inflation low, protecting the value of the currency, is supportive of growth

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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