On 8 September South African Reserve Bank Governor Lesetja Kganyago presented a public lecture at the University of Stellenbosch on Inflation-targeting at 21 – lessons for the future. Kganyago made the point that, in order to keep price growth low, and lending rates with it, the inflation target must be lowered. He added that he would prefer a “point target” rather than a range. Also see this Business Maverick article by Mfuneko Toyana – SA Reserve Bank governor hints South Africa could move to a lower inflation target.
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