{
  "id": 19957128,
  "title": "South Africa’s Central Bank Eyes 3% in 2028",
  "url": "https://urgent.news/2026/11/14/south-africas-central-bank-eyes-3-in-2028",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-14T08:22:21.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/south-africa-kganyago-inflation-3-percent-2028/"
  },
  "original_language": "en",
  "account": "South Africa's Central Bank, the South African Reserve Bank, aims to bring inflation back to a target of 3% by 2028. Governor Lesetja Kganyago made this declaration in interviews in October and November 2026. Recent data shows September inflation at 4.5%, an increase from 4.4% in August. The Bank raised its repo rate to 7.25% in September, following a rise in the prime lending rate to 10.75%. Prediction markets suggest a 41.7% chance of 4.7% to 5.0% inflation in 2026. The Bank attributes this to a major global supply shock, with disruptions in oil and food supplies caused by conflicts in the Middle East and Russia-Ukraine war. The target is 3% with a tolerance band of plus or minus 1 percentage point. The Monetary Policy Committee expects inflation near 3% towards the end of 2027 and 3.2% in 2028.",
  "summary": "Governor Lesetja Kganyago says inflation returns to 3% only in 2028, as the Reserve Bank weighs a rate decision on 19 November. The post South Africa’s Central Bank Eyes 3% in 2028 appeared first on The Rio Times .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}