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Inflation Targeting in South Africa
Warnock, Francis E.; Hungwe, Archie; Drake, Justin; Debrah, MitchCase DARDEN-BP-0507-ECorporate GovernanceSouth Africa had formally introduced a policy of inflation targeting (IT) in February 2000. By December 2001, the governor of the South African Reserve Bank, after reading the latest statistics, was concerned with the disappointing economic data. Economic activity had slowed drastically, to the point that the country appeared to be heading for a recession. The gloomy statistics forced the governor to consider whether the country had pursued the r...Starting at €8.20