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South Africa's central bank Governor Lesetja Kganyago reinforced the benefits of a lower inflation goal, saying it could save the government as much as 900 billion rand ($52 billion) over a decade in debt-service costs....
South African annual inflation accelerated in September, moving further away from the central bank's preferred 3% target and reducing the likelihood of an interest-rate cut when officials meet next month....
Fitch Ratings expects South Africa's National Treasury to formally lower the nation's inflation target to 3% next month, endorsing the central bank's adoption of the goal in July....
South Africa's central bank chief Lesetja Kganyago said that officially locking in a lower inflation goal could underpin another drop in bond yields, which have already fallen sharply since he announced the bank was aiming at the bottom of its 3% to 6% target range....
South African central bank Governor Lesetja Kganyago said lower inflation has delivered “big wins” by reducing government borrowing costs, vindicating his decision to anchor the rate at the bottom of the bank's 3% to 6% target range....
South Africa's central bank kept borrowing costs unchanged, even as cooler-than-expected inflation brought policymakers closer to the 3% target at which they now aim....
The South African Reserve Bank's new goal of anchoring inflation at 3% faces a big test this week, with two key data points and its first policy meeting since announcing the move....
A panel is drafting recommendations on possible changes to South Africa's inflation target that will be presented to both the central bank and the National Treasury before an announcement is made, the authorities said....
Zitat des Tages: Wenn du nur guten Willen hast, mein Sohn, so wirst du weise, und wenn du deinen Sinn darauf richtest, wirst du klug. - Altes Testament: Buch Jesus Sirach