South African Reserve Bank Governor Lesetja Kganyago stressed the need for cautious adjustments to interest rates in light of the current economic uncertainty.
Kganyago stated in an interview with CNBC Africa that policymakers are focused on avoiding future regrets by carefully navigating the current financial landscape.
He emphasized that the central bank's recent policy adjustments were considered appropriate, reflecting a strategic approach to managing the available data's complexities.
Kganyago's remarks highlight the bank's commitment to maintaining stability while addressing the challenges posed by fluctuating economic conditions.