South Africa’s Gordhan stands up for inflation targeting, flexible rand policies


Pravin Gordhan, South Africa's finance minister, has mounted a robust defence of the South African Reserve Bank's (Sarb) inflation targeting framework.

"Our inflation targeting framework has proven itself in the past as a valuable sign of credible policy, which provides investors with confidence in times of crisis and flexibility for the Reserve Bank to respond appropriately during a crisis," Gordhan said, according to Business Day, a South African economics newspaper. The comments, which were m

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