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South Africa doesn't follow Fed on rate moves, says SARB governor

The South African Reserve Bank has the freedom to adjust monetary policy without having to follow the Federal Reserve’s interest-rate hikes because the effects of the US institution’s moves feed into the exchange rate and domestic inflation, which the Reserve Bank targets, SARB governor Lesetja Kganyago said.
South Africa South African Prinesha Naidoo Lesetja Kganyago African Reserve Bank Federal Reserve

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