South Africa's central bank ready to respond to inflation: governor

Reuters
Lesetja Kganyago, Governor of the Reserve Bank of South Africa, poses for a photo in the Manhattan borough of New York October 6, 2015. REUTERS/Carlo Allegri

PRETORIA (Reuters) - South Africa's central bank is ready to respond to renewed inflationary pressures, a signal that it is prepared to raise rates again, but is mindful of the weak state of the economy, Governor Lesetja Kganyago said on Friday. Kganyago also told the bank's annual general meeting that the value of the rand, a key driver of inflation, would be highly sensitive to ratings reviews later this year. (Reporting by Stella Mapenzauswa; Writing by Ed Stoddard; Editing by James Macharia)