Be sure to hedge against higher interest rates
Dec 17, 2021
2 minutes
Since 2000, the South African Reserve Bank (SARB) has used a system of inflation targeting as its major policy instrument. The target range for headline inflation is between 3% and 6%.
From 2007, however, the bank has preferred an inflation rate at or near to the 4,5% midpoint of the range. If inflation increases to above 6%, or shows signs that it might do so in future, the
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