# Reserve Bank Governor shares good news about inflation and interest rates – Daily Investor

> South Africa's Reserve Bank Governor Lesetja Kganyago said the bank's models show current policy settings will return inflation to the 3% target once the shocks from the Middle East conflict fade. The central bank raised its policy rate by 25 basis points to 7.25% last month as higher energy and fertiliser prices resurfaced. Inflation rose to 4.5% last month and has been above target since March.

- Date: 2026-11-01 · published 2026-11-01T12:09:57.642Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/8909-reserve-bank-governor-shares-good-news-about-inflation-and-interest-rates-daily
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Higher energy and fertiliser costs feed through to local feed and input prices, and tighter policy aims to stop that rise from becoming entrenched. For feed buyers, the rand's path and domestic rate settings affect the cost of imported grain and meal.

## Sources

- dailyinvestor.com: https://dailyinvestor.com/finance/162721/reserve-bank-governor-shares-good-news-about-inflation-and-interest-rates/

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