Ukraine War Poses Risk to South African Inflation Expectations.

The monetary policy committee raised the bank's benchmark rate by a cumulative 75 basis points to 4.25% since November to tame rising inflation, unwinding some of 2020's extraordinary monetary policy stimulus that was aimed at shoring up an economy ravaged by the coronavirus pandemic. (Bloomberg) -- South Africa's central bank warned that mounting price pressures stemming from the war in Ukraine risk de-anchoring inflation expectations as it announced the first full overhaul of its monetary policy implementation system in almost a quarter century. The central bank also said it aims to introduce a new monetary policy implementation framework this year, switching to a surplus system from the deficit mechanism that's been in place since 1998. [Extracted from the article]