Reserve Bank governor Lesetja Kganyago’s bold call for a lowering of the inflation target to 3% comes at a vulnerable stage in SA’s recovery, just as inflation is picking up and at the anticipated start of an interest-rate-hiking cycle.

In a recent public lecture at Stellenbosch University, Kganyago conceded that though the timing is "delicate", he believes that "if SA wants to keep interest rates low, the most important thing we can do is to lower the inflation target"...

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