Citi Says South Africa Central Bank Could Lower CPI Goal in July
'We recently wrote that the SARB would likely drop the inflation target in the third quarter' to 3% — with a possible 1% plus-or-minus tolerance band — from its current 4.5% goal, said Gina Schoeman, the bank's economist for South Africa. 'We believe there is a reasonable chance' of this happening at the upcoming meeting.
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