SARB publishes Monetary Policy Review

The South African Reserve Bank (SARB) released its bi-annual Monetary Policy Review yesterday. It expects the main inflation rate to stay inside its 3-6 percent target range over the next two years, although the outlook has deteriorated because of high oil prices.

The annual increase in the targeted CPIX inflation index - which is the central bank's target measure for monetary policy - has crept up recently in response to rising energy costs.

In the report, the central bank said that "although

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account