Sarb should adopt mid-point in inflation target band – IMF
An explicit mid-point would assist lowering inflation expectations
The South African Reserve Bank should adopt a mid-point range to its inflation target “at an opportune time”, the International Monetary Fund advised in its latest health assessment of the country’s economy.
According to the fund, South Africa is in a unique position. With a new administration in place, the IMF believes the country now has the tools to fully achieve its potential; despite the global recovery over the past five years, South Africa’s growth has failed to benefit.
The Sarb, the
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