SA Reserve Bank and risk of inflation exceeding 6%

Oct 03 2018

The risk that South African inflation will overshoot the 6% upper limit of the Reserve Bank’s target should not be underestimated given the volatile global environment, Deputy Governor Daniel Mminele said.

An extended and sizable deviation in price growth from 4.5% “would raise the risks of medium-term inflation expectations drifting back to, if not above, the top end of the range,” Mminele said in a copy of a speech posted on the central bank’s website.

Blow to the consumers as fuel price hits historic high.

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