SA Reserve Bank to learn about inflation targeting

SOUTH AFRICA - Experts from the South African Reserve Bank (SARB) are to learn more about inflation targeting from their Canadian counterparts, in terms of an agreement signed in Pretoria on Wednesday.

South Africa started using inflation targeting in February 2000, said Dr Daleen Smal, deputy head of research at the SARB. She signed the agreement with Canadian High Commissioner to South Africa Lucie Edwards.

The SARB used a macro-economic framework for forecasting, but had learnt that smaller