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 By Hilary Joffe

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...

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