
South Africa’s broad inflation target range ‘a mistake’, says Kganyago

The decision to set the South African Reserve Bank’s inflation target rate to a broad range of 3–6% was “a mistake” due the uncertainty it caused, its governor has said.
The broad range of the target meant the Sarb “let underlying inflation, and inflation expectations, drift to the very top of our target range”, said Lesetja Kganyago in a speech on July 24. He also strongly criticised politicians within South Africa’s governing party for creating uncertainty over the central bank’s governance
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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com