INSIDE VIEW
HILARY JOFFE: Decoding the governor as inflation dominates the conversation
Inflation-targeting policy is supposed to be transparent and predictable but Kganyago’s latest comments are far from it
04 July 2021 - 00:09
The world’s markets are worrying about higher inflation. SA’s are worrying about a lower inflation target. More specifically, they are wondering what exactly Reserve Bank governor Lesetja Kganyago means when he says — as he did recently in interviews with Business Times and the Financial Times — that there is a compelling case to cut the target.
Other countries have cut their targets where SA has not, he said. If SA wants to remain competitive it has to cut its inflation rate to levels closer to those of its competitors...
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