SARB says inflation to stay in target

The South African Reserve Bank said Thursday 2 June that inflation will remain inside the 3-6 percent target band and the economy had entered a phase of high growth.

SARB deputy governor Ian Plenderleith told an ACTSA dinner on Thursday night that the more favourable inflation outlook was a reason behind the SARB's surprise decision recently to lower the repo rate to 7 percent in April.

"Our projection looking forward is that inflation will remain within our target range. It is this encouraging

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account