Mboweni takes inflation plan to the people

SOUTH AFRICA - South African Reserve Bank (SARB) Governor Tito Mboweni took the central bank's views on inflation to the public on Wednesday, stressing the bank would not try to meet its targets "at all costs".

The SARB took the unusual step of placing a two-page advertisement in a national newspaper to explain the objectives, benefits and importance of inflation targeting, South Africa's Independent Online reported.

Mboweni said the fact that the government recently adjusted the target band di

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