SARB's inflation targeting made simpler

Changes have been made to the South African Reserve Bank's inflation target making the central bank's task easier, Governor of the SARB, Tito Mboweni said. In future it will target the year on year CPIX rate on a continuous basis, rather than the annual average rate.

Source: Finance 24

Finance Minister Trevor Manuel, in consultation with South African Reserve Bank (SARB) governor Tito Mboweni, on Wednesday made changes to South Africa's inflation targeting regime that will make it simpler to