Here's your summary from SARB Governor Lesetja Kganyago on Inflation, Policy, Godongwana (https://www.youtube.com/watch?v=PUnKHpQHB0A) on the Bloomberg Television channel:
### TLDR:
Monetary policy in South Africa is focused on price stability, with expectations to reach target in the first half of 2025 despite risks from geopolitics and global energy prices.
### Key Points:
1. The South African Reserve Bank's monetary policy is primarily focused on price stability, with expectations to reach target in the first half of 2025.
2. Risks from geopolitics, global energy prices, and inflation expectations outside the target are still concerns for achieving monetary policy goals.
3. The central bank has increased the amount of excess cash commercial lenders can hold, with a transparent schedule to avoid creating volatility in global financial conditions.
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