South Africa Inflation Expectations Eased With 3% Target, SARB Says
Finance Minister Enoch Godongwana last month officially endorsed a lower 3% inflation target.
Photographer: Dwayne Senior/BloombergSouth Africa’s central bank credited its new 3% inflation target for already helping guide expectations lower across the economy, after the formal adoption of the goal last month.
Inflation expectations two years ahead, which policymakers use to guide their decisions on interest rates, fell to a record low of 3.7% in the fourth quarter from 4.2%, data released on Friday showed.