SA’s inflation and interest rate path in an emerging market context
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        SA’s inflation and interest rate path in an emerging market context

  Stanlib Collective Investments   Q3 of 2024 | 7 months ago

At the time, the annual inflation rate was a very modest 2.3%, but it had averaged 7.3% over the preceding five years, spiking to over 10% at times. This suggested that achieving the inflation target was not going to be easy, and would require a meaningful change in policy implementation. Fortunately, since February 2000, SA’s inflation rate has averaged 5.6%. It has been at or inside the inflation target range for almost 75% of the time over the past 15 years. This is a heartening and important economic success story, especially given SA’s general economic malaise since 2010.


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