# Kganyago says prices a key trigger for action on FX - Moneyweb

> South African Reserve Bank Governor Lesetja Kganyago said the bank will respond to currency moves only if they threaten to raise inflation. He noted rising developed-market rates could push capital out of emerging markets, and that the bank has room to absorb risks such as currency moves or an oil price spike.

- Date: 2018-04-19 · published 2018-04-19T12:00:00.000Z
- Category: policy · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/65808-kganyago-says-prices-a-key-trigger-for-action-on-fx-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A central bank that will not react to first-round rand moves signals limited policy offset to currency swings, so import costs for feed inputs will track the exchange rate and oil prices directly.

## Read by commodity

- USDZAR: neutral

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/economy/kganyago-says-prices-a-key-trigger-for-action-on-fx/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.