South Africa’s new lower inflation target is giving the rand fresh momentum, with policymakers and analysts agreeing it could curb a long-term track record of weakness https://t.co/ad0WZfnGu4 ...

South African Reserve Bank Governor Lesetja Kganyago says that locking in a lower inflation goal could underpin another drop in bond yields. He also talks about gold after the yellow metal smashed through $4,000 an ounce for the first time earlier this week. "We still have gold in the ground, so if we need it we will just go and dig some more," Kganyago says. He speaks to Bloomberg's Jennifer Zabasajja. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so ...

Monetary Policy - South African Reserve Bank Governor advocates for a lower inflation target [1] - Current inflation target negatively impacts the Rand's value [1] - Current inflation target allows prices to increase [1]