Treasury Denies Godongwana Set 3% Inflation Target In MTBPS
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According to reports, Minister of Finance Enoch Godongwana threw shade on the SA Reserve Bank’s (Sarb) 3% inflation target announced last week, saying he has no plans to announce a lower inflation target in the Medium-Term Budget Policy Statement (MTBPS).
Independent economist Duma Gqubula helps us understand who ultimately sets South Africa’s inflation target, the Reserve Bank or National Treasury.
Independent economist Duma Gqubula helps us understand who ultimately sets South Africa’s inflation target, the Reserve Bank or National Treasury.
