South African inflation is under control and the Reserve Bank will maintain a policy to keep it low to protect the poor and ease inequality, governor Lesetja Kganyago said. Pursuing other priorities, such as reducing unemployment, has been shown in other countries to cause "widespread economic damage", Kganyago said in a speech at the University of KwaZulu-Natal (UKZN) in Durban on Tuesday. "The best way to get permanently lower interest rates is to bring down inflation — and then keep it low and predictable," the governor said. "Inflation is under control and if it is under control it reduces poverty and inequality."
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