# South Africa’s new three-percent inflation target is proving resilient, despite rising global price pressures. According to the South African Reserve Bank, there’s a 78-percent chance inflation will stay within its two to four-percent tolerance band if major shocks are avoided. The bank says better-anchored inflation expectations are helping cushion the economy. Oil remains the biggest risk, while even multiple shocks give a 62-percent chance of inflation staying within the target range.
Central Bank study reveals 3% inflation target can withstand economic shocks