Explainer: ANC row over South African central bank unnerves investors

FILE PHOTO: President Cyril Ramaphosa gestures after announcing Shamila Batohi (not pictured) as the country's new chief prosecutor, at the Union building in Pretoria, South Africa, December 4, 2018. REUTERS/Siphiwe Sibeko

JOHANNESBURG (Reuters) - A row within South Africa's African National Congress (ANC) about the role of the central bank has unnerved investors and exposed deep divisions in the governing party.

One ANC faction loyal to President Cyril Ramaphosa is opposing calls from a rival group for the central bank's monetary policy to do more to boost employment and growth.