SARB rejects IMF inflation-target suggestion

The government and the South African Reserve Bank have asked the International Monetary Fund (IMF) to stop making policy suggestions that sound prescriptive, South African Reserve Bank Governor Tito Mboweni said on Friday 22 September.

Mboweni said both he and Minister of Finance Trevor Manuel had responded the same way to the IMF's suggestion in an annual report this month that authorities should target the mid-point of the country's 3% to 6% inflation target range.

"I've told them to please s