South Africa plans no change to inflation target

Treasury Director General Lesetja Kganyago has said South Africa has no plans to modify its inflation targeting framework to aim for the middle of the established three to six per cent target range.

His comments came after the International Monetary Fund recommended in an annual report that South Africa stabilise inflation at the middle of its target range.

"Changes to the inflation target would be premature, at the end of the day what is important is to have a measure which is easily followed and

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