Firms slowest to adjust to Sarb’s new price target – paper
Memories of post-pandemic inflation surge linger, researchers say
Firms will adjust to the South African central bank’s new inflation target more slowly than analysts and trade unions, a paper from the institution has shown.
In a working paper published on April 20, South African Reserve Bank (Sarb) researchers Anis Foresto, Jeffrey Rakgalakane, Monique Reid and Rudi Steinbach investigate how stakeholders are likely to react to the central bank’s inflation target, which was lowered to 3% from 4.5% last November.
Using information from the last time the Sarb
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