# Deputy Finance minister David Masondo says any decision on the future of South Africa’s inflation targeting approach should not be taken lightly. The South African Reserve Bank is pushing for a new inflation target, claiming that the current range makes the country uncompetitive and causes price pressure on citizens. The country’s inflation rate has been subdued over the last year, sitting around three-percent since October 2024. Masondo says low and stable inflation supports competitiveness, boosts demand, reduces borrowing costs, and strengthens employment creation.
Deputy Finance minister says approach to inflation target must not be taken lightly