# Reserve Bank governor Lesetja Kganyago says there is no reason to delay lowering South Africa’s inflation target to three-percent, despite pressures from electricity and water tariffs, and salary agreements. He told Reuters waiting for multi-year wage deals to expire would stall progress. Kganyago insists the current three-to-six-percent target band is outdated and uncompetitive. Finance minister Enoch Godongwana hasn’t formalised the change, but Kganyago says market confidence and falling bond yields support the move.
Kganyago says push for 3% inflation target should not be delayed