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.

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

How has the economic growth been described in relation to the 2009 recession?