South Africa

Lower inflation target a possibility

SA's 3%-6% target range was still higher than that of its peers, many of which have lowered their inflation targets in recent years

SA could look to lock in lower inflation rates for the long term as price pressures appear likely to remain muted, making it possible to set lower targets without economic pain.

Though economists don't think the lowering of inflation targets is imminent, Reserve Bank governor Lesetja Kganyago said this week it is a possibility...

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