SARB governor Kganyago says bringing expectations back to target is a priority [SOUND]

# South African Reserve Bank Governor, Lesetja Kganyago, says he is concerned that inflation expectations have risen above the central bank’s three-percent target. In response to oil shocks as a result of the Middle East war, the bank raised rates in May for the first time in three years, lifting it by 25 basis points to seven-percent. Kganyago told Bloomberg that core inflation, which strips out energy and food prices, is expected to peak in the first quarter of next year: