Good news about interest rates in South Africa

South Africa’s central bank chief said its models suggest that its current policy approach will bring inflation down to its 3% goal once the initial shocks triggered by the ongoing conflict in the Middle East fade.“So far, our modelling indicates that prevailing policy settings are sufficient to return inflation to target after the initial shock has passed,” Lesetja Kganyago said in a prepared speech delivered to the Italian-South African Chamber of Trade and Industries on Thursday.