{"id":91326,"date":"2025-10-10T19:21:02","date_gmt":"2025-10-10T19:21:02","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africas-inflation-wins-may-lead-to-rate-cuts"},"modified":"2025-10-10T19:29:34","modified_gmt":"2025-10-10T19:29:34","slug":"south-africas-inflation-wins-may-lead-to-rate-cuts","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africas-inflation-wins-may-lead-to-rate-cuts","title":{"rendered":"South Africa&#8217;s Inflation Wins May Lead to Rate Cuts"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Africa. <\/strong><\/span>South African Reserve Bank Governor Lesetja Kganyago said lower inflation has delivered \u201cbig wins\u201d by reducing government borrowing costs, vindicating his decision to anchor the rate at the bottom of the bank\u2019s 3% to 6% target range.<\/p>\n<p>\u201cThere are benefits to having a low inflation economy,\u201d he told a parliamentary hearing in Cape Town on Thursday, noting prices double every 12 years when inflation averages 6%, but only every 24 years when it averages 3% \u2014 urging lawmakers to \u201cmake your pick.\u201d<\/p>\n<p>Yields on South Africa\u2019s 10-year bond have fallen to around 9.1% from more than 11% in April, as price pressures eased below 3%. The decline accelerated after Kganyago\u2019s July 31 announcement that the central bank prefers inflation to settle at 3%.<\/p>\n<p>\u201cInflation is relatively contained, remaining close to our target\u201d although near-term overshoots \u201care expected, but are deemed to be temporary,\u201d he said. \u201cIndications from the agricultural sector point to food inflation declining going forward.\u201d<\/p>\n<p>While Finance Minister Enoch Godongwana has not formally ratified the new anchor, the National Treasury and the central bank signaled in September that technical work to review the 3%-to-6% target band, which has been in place since 2000, is nearing an end.<\/p>\n<p>They said in a joint statement that Godongwana will make an announcement as soon as is practical to anchor expectations.<\/p>\n<p>\u201cSustained low inflation brings about lower and stable interest rates, which is good for investment, employment and growth,\u201d Kganyago told the hearing.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">South-Africa<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. South African Reserve Bank Governor Lesetja Kganyago said lower inflation has delivered \u201cbig wins\u201d by reducing government borrowing costs, vindicating his decision to anchor the rate at the bottom of the bank\u2019s 3% to 6% target range. \u201cThere are benefits to having a low inflation economy,\u201d he told a parliamentary hearing in [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":91325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[275],"class_list":["post-91326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>South Africa&#039;s Inflation Wins May Lead to Rate Cuts - South Africa<\/title>\n<meta name=\"description\" content=\"South African Reserve Bank Governor Lesetja Kganyago said lower inflation has delivered \u201cbig wins\u201d by reducing governmen ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africas-inflation-wins-may-lead-to-rate-cuts\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Africa&#039;s Inflation Wins May Lead to Rate Cuts\" \/>\n<meta property=\"og:description\" content=\"South African Reserve Bank Governor Lesetja Kganyago said lower inflation has delivered \u201cbig wins\u201d by reducing governmen ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africas-inflation-wins-may-lead-to-rate-cuts\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-10T19:21:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-10T19:29:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/10\/sm_1760111956.456812.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africas-inflation-wins-may-lead-to-rate-cuts#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africas-inflation-wins-may-lead-to-rate-cuts\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"South Africa&#8217;s Inflation Wins May Lead to Rate Cuts\",\"datePublished\":\"2025-10-10T19:21:02+00:00\",\"dateModified\":\"2025-10-10T19:29:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africas-inflation-wins-may-lead-to-rate-cuts\"},\"wordCount\":253,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africas-inflation-wins-may-lead-to-rate-cuts#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/10\/sm_1760111956.456812.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africas-inflation-wins-may-lead-to-rate-cuts#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africas-inflation-wins-may-lead-to-rate-cuts\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/south-africas-inflation-wins-may-lead-to-rate-cuts\",\"name\":\"South Africa's Inflation Wins May Lead to Rate Cuts - 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