Economics
South Africa Must Have Inflation-Target Talk, Buthelezi Says
- Range of 3% to 6% was set under different economic conditions
- SARB says will retain focus on keeping inflation in target
Johannesburg, South Africa.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
South Africa should have talks on the appropriateness of the central bank’s inflation target, Deputy Finance Minister Sfiso Buthelezi said, adding to concern that the institution’s mandate may be altered.
“We set this 3 percent to 6 percent then, under different economic conditions,” Buthelezi said at a conference Monday in Johannesburg. “Is it still relevant now? Is it a policy for all seasons?”