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BER Research Note

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Targeting inflation: A review of the outcomes since 2000

Date Uploaded: November 24 2022 08:30


A historical overview of inflation outcomes in SA suggests that inflation targeting has served SA well as the major anchor of monetary policy, with targeted inflation trending lower over the past 20 years. This BER note reflects on the past two decades of inflation targeting in SA and how the SARB established credibility that resulted in better anchored inflation expectations.