South Africa Central Bank, Treasury Edge Toward CPI-Target Reset

South Africa’s National Treasury and central bank signaled they’re finalizing a review of the nation’s inflation target that may yield the most significant shift in the price-stability policy in more than two decades.

A joint panel, known as the Macroeconomic Standing Committee, has been conducting technical work to assess the appropriateness of the target before drafting recommendations on its findings, the Treasury and the bank said in a statement on Monday.