SARB reject call for changes to inflation target

SOUTH AFRICA - South African Reserve Bank (SARB) Governor Tito Mboweni on Wednesday dismissed calls for changes to the inflation target measure, and stressed the central bank had to remain vigilant against rising inflation.

"We cannot sit around and twiddle our thumbs," he told parliament's finance portfolio committee.

"I don't think inflation targeting is under threat but the inflation target itself could be under threat if no action is taken to curb the rate of inflation," SAPA News Agency

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