Lesetja Kganyago forceful on inflation fight
Reserve Bank governor is convinced of the need for 3% target as the rand suffers with existing range, he says
29 September 2022 - 05:10
Reserve Bank governor Lesetja Kganyago has forcefully outlined his determination to fight inflation, saying the central bank’s larger strategic target was to undo the error of 20 years ago when “we gave up on lowering the inflation target”.
In remarks at the Centre for Education in Economics in Johannesburg, Kganyago said that while the immediate priority was to guide inflation to the middle of the 3%-6% target range, he was convinced by the case for a lower inflation target of 3%...
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