Treasury weighs in on lowering the Reserve Bank’s inflation target
Debut Macro-Economic Policy Review urges the Bank to be transparent about the effect of fiscal policy
23 February 2024 - 05:00
The Treasury has hinted that it could look to lower SA’s inflation target to make the economy more competitive and ease the pressure on the rand, a move the Reserve Bank has long been keen on.
The Treasury has also urged the Bank to be more upfront about the effect of fiscal policy on inflation. It said technical work had begun on the appropriate level for an inflation target for the economic context and whether this should take the form of a point or a range...
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