MAMOKETE LIJANE: Lowering inflation target is the right thing to do
04 September 2024 - 05:00
The SA Reserve Bank should lower the inflation target, and do it now.
The Bank’s constitutional objective is to “protect the value of the currency in the interest of balanced and sustainable economic growth”. To this end, the SA Reserve Bank Act says the Bank “shall pursue as its primary objectives monetary stability and balanced economic growth”. These mandates are supported by a lower inflation target...
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