South Africa, Kganyago and inflation
South Africa could lower inflation target at little cost, central bank governor says
South Africa's central bank governor, Lesetja Kganyago, said on Thursday that the country could move to a lower inflation target at little cost. Kganyago is a strong advocate for a lower target than the bank's current 3% to 6% range and told Reuters in April that teams from the central bank and National Treasury were in talks about the issue.
Governor Kganyago pushes for a lower inflation target for South Africa
The South African Reserve Bank (SARB) Governor Lesetja Kganyago said that the organisation will push for a lower inflation target. Kganyago made this announcement on Thursday at a lecture at Stellenbosch University. In 2000, the Reserve Bank adopted an inflation target between 3% and 6%.
Kganyago Advocates for Lowering South Africa’s Inflation Goal
South African Reserve Bank Governor Lesetja Kganyago delivered a strong argument for lowering the 3% to 6% inflation target that it has been guided by for the last 24 years.
South Africa's c.bank says policy outlook dependent on inflation expectations
South Africa's central bank said on Tuesday that as price pressures continued to moderate it would shift its policy focus to monitoring how core inflation and inflation expectations respond.
Kganyago pushes for new target in South Africa
SARB Governor Lesetja Kganyago believes South Africa can follow the example of its peers and introduce lower inflation targets.
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The number of people in South Africa able to meet their minimum nutritional needs slipped last year, as a weak economy and inflationary pressures hit households and deepened food insecurity.
Kganyago argues for lowering South Africa’s inflation goal
South African Reserve Bank Governor Lesetja Kganyago delivered a strong argument for lowering the 3% to 6% inflation target that has guided policymakers for the last 24 years.
South Africa could lower inflation target at little cost, c.bank governor says
South Africa's central bank governor, Lesetja Kganyago, said on Thursday that the country could move to a lower inflation target at little cost.
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