# The South African Reserve Bank says it remains focused on protecting inflation credibility amid ongoing global and domestic uncertainty. Governor Lesetja Kganyago warned that rising oil prices, geopolitical tensions and climate-related shocks are driving higher inflation and weaker growth. Kganyago says the bank’s priority is to keep inflation expectations anchored and to guide inflation back to its three-percent target over time, even if this requires tighter monetary policy in the short term:
Kganyago says maintaining credibility is crucial for economic stability amid volatile times [SOUND]
ENG KganyagoOnCredibility