With last week's episodes on the GDP figures and economic growth, there was no chance to talk about the inflation target. The Governor of the Reserve Bank, Lesetja Kganyago, said in a speech that the target band of 3-6% could be replaced by a single point target of 3 or 4%. A margin of plus and minus 1 percentage point can be allowed. He argued that the target could be lowered with the cooperation of the various public sector role players who set administered prices.
