Kganyago Named South Africa Reserve Bank Governor

Lesetja Kganyago, appointed as the new central bank governor, has a strong background in public policy and financial markets, having served as Deputy Central Bank Governor and Director General at the National Treasury. His appointment is seen positively, but he faces challenges such as a weakening currency and inflation pressures. His main task will be to stabilize monetary policy while supporting economic growth, which is currently at its slowest pace since the 2009 recession. Gradual interest rate increases are expected to maintain stability.

Who was appointed as the new central bank governor?

• Natalie

• President Zuma

• Jill Marcus

• Listica Nyako

What was one of the main challenges mentioned for the new central bank governor?

• Improving education

• Strengthening the dollar

• Increasing exports

• Reducing unemployment

What is the target inflation rate range that the new governor aims to achieve?

• 1% to 3%

• 3% to 6%

• 5% to 8%

• 2% to 4%

What is the expected pace of economic growth mentioned in the video?

• Moderate since 2009

• Fastest since 2009

• Slowest since 2009

• Unchanged since 2009

What action is the new governor expected to take regarding interest rates?

• Keep them unchanged

• Decrease them rapidly

• Increase them gradually

• Eliminate them