Inflation Targeting and Its Impact on Monetary Policy Post 2008 Crisis: A South African Insight

Özet

South Africa Inflation Rate declines to 7-Month Low of 4.5%. The annual inflation rate in South Africa fellto4.5percent in December of 2018, reaching the mid-point of the central bank’s target range of 3 percentto 6 percent, from 5.2 percent in theprevious month. It is the lowest annual inflation since May as cost of transport slowed sharply. The main task of microeconomic policy is the promotion of sustainable high economic growth, the creation of employment opportunities, the containment of inflation, improvement of the living conditions of all residents of a country, and the elimination of…

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