In a public lecture at the University of Stellenbosch on September 8 SA Reserve Bank governor Lesetja Kganyago revealed that the Bank wants an inflation target of 3%.

I believe the Bank is on a Paul Volcker wicket, and if it implements this natural progression in policy this will go down in history as one of the three policy choices SA got right in the management of the rand, the other two being to end the financial rand system in 1995, and to adopt the inflation targeting framework in 2000.    ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now