10.06.2016

Reserve Bank will do its part to ensure competitive advantage - Agbiz Congress

Agribusinesses can rest assured that the South African Reserve Bank is committed to containing inflation.
“This will preserve our competitive advantage for exporting, secure our investment costs and create the foundation for expansion," said Lesetja Kganyago, Reserve Bank governor, at the Agbiz congress.

Kganyago explained the Bank’s rational with regard to inflation. He said that inflation targeting is globally regarded as best practice in monetary policy, because it is transparent while also recognising that there is no long-run, or even medium-run, trade-off between inflation and growth. Read full media release

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