Consumer price inflation increased to 5.9% in March, up from 5.7% in February
Recent pronouncements by Lethuli House, and Ace Magashule in particular, merely muddied the waters
The South African Reserve Bank has announced it would stick to its accommodative stance on monetary policy.
Angola is on track to reach its target of slowing consumer inflation to 10% from 11.38% in 2011 thanks to monetary policy focused on price stability.
The South African Reserve Bank vowed on Tuesday to remain focused on its medium term inflation outlook despite the turmoil in global markets.
The South African Reserve Bank (SARB) said on Tuesday in its latest <i>Monetary Policy Review</i> that in light of the risks around the subprime crisis in global markets, it is important to maintain a stable and transparent monetary policy regime. Authorities in some emerging markets have been advised to strengthen surveillance.