SARB must emphasise inflation target's importance

The South African Reserve Bank must communicate why it is so vital to get inflation back within the institution's target range, X.P. Guma, a deputy governor at the central bank, has said.

"The challenge of communicating with the general public, financial analysts, the markets and other interested parties remains," said Guma. "However, at present, the message which needs to be communicated is that of monetary policy in the context of inflation targeting: exchange rate and reserve management

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