South Africa should make like Maradona
We have a window, with inflation and inflation expectations falling rapidly, to lower the inflation target to 3%. But will we take it?
14 November 2024 - 05:00
The view that South Africa’s inflation target could be lowered to 3% in the first half of next year, relatively painlessly on the back of rapidly falling inflation, has been dealt a blow by Donald Trump’s US presidential victory.
Bullish expectations that the target could be lowered as early as the February 2025 budget were dashed last month, when finance minister Enoch Godongwana said more technical work was required to estimate the potentially negative impact on households...
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