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As of October 2023, the current president of the South African Reserve Bank (SARB) is Lesetja Kganyago. He has been in this position since November 2014, making significant contributions to monetary policy and financial stability in South Africa. Kganyago previously held various roles within the South African government and financial sector.
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Who is the president of the SARB?
As of my last update in October 2023, the President of the South African Reserve Bank (SARB) is Lesetja Kganyago. He has held this position since November 2014 and is responsible for overseeing the country's monetary policy and financial stability. Kganyago has played a significant role in navigating economic challenges during his tenure. For the most current information, please verify with up-to-date sources.
How does the SARB influence the price of capital?
The South African Reserve Bank (SARB) can influence the price of capital by adjusting its key interest rate, known as the repo rate. By raising or lowering the repo rate, the SARB can affect borrowing costs for businesses and individuals, which in turn can impact the overall price of capital in the economy. Additionally, the SARB's monetary policy decisions can influence market expectations and investor confidence, further influencing the cost of capital.
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