Kganyago defends bank’s inflation targeting regime
South Africa’s ‘prosaic’ financial problems kept at bay through inflation targeting
Defending the inflation targeting framework is not the same as ignoring growth, Lesetja Kganyago, the South African Reserve Bank (Sarb) governor said on October 22.
Speaking in Cape Town, Kganyago emphasised monetary policy in South Africa remains "extremely accommodative" as while the Sarb has increased the repo rate to 6%, it is "still close to zero in real terms".
"Monetary policy can be so supportive of growth precisely because of the flexible targeting regime," he said. "We have the leeway
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