Headline : Reserve Bank governor wants lower inflation target

Read more from the original article on here at www.citizen.co.za.

---

No. of Paragraph 43

South African Reserve Bank Governor Lesetja Kganyago. Picture: Thobile Mathonsi / African News Agency (ANA)

Reserve Bank governor, Lesetja Kganyago, would like South Africa’s inflation target to be lower than the current target band of 3% to 6%, as the country was able to lower inflation to 4.5% without too much pain or cost.

Kganyago was a guest lecturer at the department of economics at Stellenbosch University last week and spoke about the lessons the South African Reserve Bank (Sarb) learned moving inflation to 4.5% and what it cost to do that.

He said the first lesson from the global inflation surge is that people really hate inflation. “Many economists were surprised by the depths of public unhappiness with high inflation. This has been especially clear in advanced economies that had very low inflation over a sustained period, usually 2% or less.

Read more from the original article on here at www.citizen.co.za.

Related Headlines : Reserve Bank governor wants lower inflation target (in Google.com):

Hello, below you have a "Web" tab to read more content and an "Image" tab to get related pictures

Example : Trends, Country, News, Jobs, Scholarships, Investment, Business, Politics, Adverts, Fashion, Events, Technology and more.