Kganyago calls for lower inflation target and tighter policy

Sarb governor urges reform of South Africa’s troubled transport and electricity sectors

Lesetja Kganyago
Lucy Stewart

The governor of the South African Reserve Bank said his country should adopt a lower inflation target.

Lesetja Kganyago said a 3% inflation target “would help dampen exchange rate volatility and sovereign risk, reduce the potential for upward drift in the real exchange rate, and materially lower debt service costs”.

Speaking at the Peterson Institute for International Economics in Washington, DC, on April 11, Kganyago also called for “structural reforms and key deregulations of transport and

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