Reserve Bank Governor shares good news about inflation and interest rates

• The Reserve Bank of South Africa's current policy approach is expected to bring inflation down to its 3% goal once the initial shocks from the ongoing conflict in the Middle East fade.
• South Africa's inflation has been above the central bank's 3% target since March, but the Reserve Bank Governor believes the country is turning a corner after years of low growth.
• The Reserve Bank of South Africa's next interest-rate decision is scheduled for November 19, following a unanimous vote to raise borrowing costs by 25 basis points to 7.25% last month.