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Address by Lesetja Kganyago, Governor of the South African Reserve Bank, at the Thomson Reuters Economist of the Year Awards, JSE Limited, Sandton, 11 August 2015
Published Date:
2015-08-11
Last Modified Date:
2023-11-13, 10:23 AM
Category:
Speeches > Speeches by Governors
Good morning, ladies and gentlemen, and thank you for the opportunity to deliver the keynote address at this prestigious awards ceremony. This competition is about forecasting a number of economic variables. Predicting the future is difficult at the best of times, and with the economic environment becoming increasingly turbulent, forecasting is becoming that much more difficult.
It is also a challenging time for policymakers; in the face of heightened uncertainty,
our decisions become more data-dependent than usual. This makes it more difficult for analysts to forecast policy moves. We interact with market participants and other interested parties on a regular basis to help them understand our thinking on various issues.