Mboweni on Inflation targeting in South Africa

- Central Banking staff
- 11 Sep 2003

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In a speech on 'Inflation targeting in South Africa' given on 2 September, Tito Mboweni of the South African Reserve Bank said whilst inflation targeting is certainly no panacea, the Reserve Bank still regards it as the most appropriate framework for achieving relative price stability. I quote from our Annual Economic report 2003, released last week: "Sound and consistent price signals are invaluable in directing resources towards their most efficient uses"; achieving this goal is, we believe

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