• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

South Africa Inflation Target Review to Preserve Price Stability

1 year ago
in Business, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
94
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

South Africa Inflation Target Review to Preserve Price Stability

South Africa’s ongoing review of the central bank’s inflation target of 3% to 6% will be anchored in the principle of preserving price stability, said Deputy Finance Minister David Masondo.

“Our macroeconomic policy intention is to make sure that we’ve got low and stable inflation,” he told investors at an event in London on Friday. “You don’t want prices to be too volatile. You can’t plan in that economic environment.”

South Africa’s annual rate of inflation slowed to 4.4% in August from a post-pandemic peak of 7.8% in 2022, with economists giving the central bank credit for resisting pressure to ease high borrowing costs until prices were brought under control.

The Treasury and South African Reserve Bank staff have for months been doing technical work on the appropriate level of the inflation target, and whether it should be a range or a single point.

Masonda said the discussions have yet to reach a conclusion.

“The jury is not yet out there on where we should be. There’s still a conversation,” he said.

RelatedPosts

BoG Governor Unveils Four-Pillar Strategy to Build an Innovative and Resilient Financial System

Lands Minister Revokes 278 Small-Scale Mining Licenses

UK Bans Lewis Hamilton and Chelsea FC Gambling Ads for Targeting Children

Officials have not said when they will publish any findings, though an upcoming medium term budget review on Oct. 30 could be an opportunity to give an update on their progress.

“Once we have agreed or determined that inflation rate, they will execute it independently,” Masondo said. “The Reserve Bank has done this consistently.”

The central bank currently aims to anchor inflation expectations around the 4.5% midpoint of the target range.

But SARB Governor Lestja Kganyago has since 2021 publicly argued the merits of shifting to a lower single-point goal of and his position has been backed up by academic research, which found lasting benefits from lowering the target after a temporary and modest hit to economic growth.

“Our prices must be affordable, must be competitive, because if they are too high, then our export performance will be badly affected,” Masondo said.

Source: bloomberg
Via: norvanreports
Tags: inflationSouth AfricaSouth Africa Inflation Target Review to Preserve Price Stability

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

GSE Closes Thursday’s Session Lower as Composite Index Falls by 0.82%

BoG’s Director of Fintech and Innovation, Kwame Oppong, Exits Central Bank After Spearheading Major Fintech Reforms

Black Queens Cruise to 3-0 Victory Over Egypt in WAFCON Qualifier

Five Key Storylines to Follow Ahead of the 2025 Mexico City Grand Prix

Government Announces Death of Former First Lady Nana Konadu Agyeman-Rawlings

New UN Forum Aims to Tackle Developing Economies’ Debt Issues

Trending

Governor of the Bank of Ghana (BoG), Dr Johnson Asiama,
Business

BoG Governor Unveils Four-Pillar Strategy to Build an Innovative and Resilient Financial System

October 24, 2025

BoG Governor Unveils Four-Pillar Strategy to Build an Innovative and Resilient Financial System The Governor of the...

Lands Minister Revokes 278 Small-Scale Mining Licenses

October 24, 2025

UK Bans Lewis Hamilton and Chelsea FC Gambling Ads for Targeting Children

October 24, 2025

GSE Closes Thursday’s Session Lower as Composite Index Falls by 0.82%

October 24, 2025

BoG’s Director of Fintech and Innovation, Kwame Oppong, Exits Central Bank After Spearheading Major Fintech Reforms

October 24, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.