{"id":91321,"date":"2025-10-10T19:25:27","date_gmt":"2025-10-10T19:25:27","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/big-inflation-change-coming-to-south-africa"},"modified":"2025-10-10T19:29:03","modified_gmt":"2025-10-10T19:29:03","slug":"big-inflation-change-coming-to-south-africa","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/big-inflation-change-coming-to-south-africa","title":{"rendered":"Big inflation change coming to South Africa"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Africa. <\/strong><\/span>South African Reserve Bank (SARB) Governor Lesetja Kganyago said on Thursday that the central bank and National Treasury agreed that the country\u2019s inflation target should be lowered but they were still discussing when to make the change.<\/p>\n<p>Kganyago surprised financial markets in July by saying the SARB would effectively target 3% inflation, rather than the formal 3-6% range set by Finance Minister Enoch Godongwana.<\/p>\n<p>Godongwana rebuked Kganyago for his \u201cunilateral announcement\u201d, though the two officials later issued a joint statement saying they were on the same page.<\/p>\n<p>Addressing lawmakers on Thursday, Kganyago said: \u201cThere isn\u2019t a disagreement about the lowering of the target; it\u2019s a question of timing.\u201d<\/p>\n<p>He acknowledged the SARB\u2019s communication over the target was not what it was supposed and said he and Godongwana had met and told their teams to \u201cgo tie down these loose ends\u201d.<\/p>\n<p>\u201cThat\u2019s why you will find our (joint) statement does not say by this date, as soon as it\u2019s practically possible. And the poor chaps are working very hard to make sure that all those loose ends are tied,\u201d Kganyago said.<\/p>\n<p>Kganyago has advocated a lower inflation target for years, saying the current band makes Africa\u2019s biggest economy uncompetitive.<\/p>\n<p>But he has argued particularly forcefully in 2025, saying that this year\u2019s well-contained price pressures present the ideal opportunity to \u201clock in\u201d low inflation.<\/p>\n<p>Kganyago said on Thursday that lower inflation and the SARB\u2019s preference for a lower target had boosted the rand and brought down government borrowing costs on benchmark bonds by between 80 and 160 basis points since April.<\/p>\n<p>\u201cWhen the cost of borrowing for the government comes down, the cost of borrowing for everybody else also comes down,\u201d he said.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">South-Africa<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. South African Reserve Bank (SARB) Governor Lesetja Kganyago said on Thursday that the central bank and National Treasury agreed that the country\u2019s inflation target should be lowered but they were still discussing when to make the change. Kganyago surprised financial markets in July by saying the SARB would effectively target 3% inflation, [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":91320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[275],"class_list":["post-91321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Big inflation change coming to South Africa - South Africa<\/title>\n<meta name=\"description\" content=\"South African Reserve Bank (SARB) Governor Lesetja Kganyago said on Thursday that the central bank and National Treasury ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/big-inflation-change-coming-to-south-africa\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Big inflation change coming to South Africa\" \/>\n<meta property=\"og:description\" content=\"South African Reserve Bank (SARB) Governor Lesetja Kganyago said on Thursday that the central bank and National Treasury ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/big-inflation-change-coming-to-south-africa\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-10T19:25:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-10T19:29:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/10\/sm_1760111902.571711.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/big-inflation-change-coming-to-south-africa#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/big-inflation-change-coming-to-south-africa\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Big inflation change coming to South Africa\",\"datePublished\":\"2025-10-10T19:25:27+00:00\",\"dateModified\":\"2025-10-10T19:29:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/big-inflation-change-coming-to-south-africa\"},\"wordCount\":305,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/big-inflation-change-coming-to-south-africa#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/10\/sm_1760111902.571711.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/big-inflation-change-coming-to-south-africa#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/big-inflation-change-coming-to-south-africa\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/big-inflation-change-coming-to-south-africa\",\"name\":\"Big inflation change coming to South Africa - 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