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The stars are lining up for a 3% inflation target — and lower interest rates

A lower inflation target should translate into lower inflation and lower interest rates. And this de facto target should soon be official policy. The South African Reserve Bank’s (Sarb’s) de facto ...
Reuters

South African inflation steady as central bank pushes for lower target

JOHANNESBURG, June 18 (Reuters) - South Africa's inflation rate was steady in May, staying below the central bank's 3% to 6% target range as it pushes for the target to be lowered. Headline consumer ...