New Challenges for the Global Economy: Central Bank Chief Concerned About Limited Room for Maneuver

The global economy is facing a series of new challenges that need to be managed, despite recent crises not yet being fully overcome. This concerning assessment was recently shared by the head of the South African Reserve Bank, Lesetja Kganyago, in a speech. According to Kganyago, fiscal and monetary policy leeway is limited in addressing risks that could impact financial stability. These include potential resurgences in inflationary pressures and the growing challenge of climate change. The central bank chief emphasized that policies at both national and international levels must be prepared for these developments to ensure long-term economic stability.