SA set to lower inflation target in 2026: poll

South Africa will probably wait until next year to lower its inflation target to address more pressing issues such as weak economic growth and fiscal consolidation, according to a survey of investors and analysts.

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The South African Reserve Bank and National Treasury have been working on revising the inflation goal for almost a year, and will hold a conference on the matter next month.

Inflation averaged 2.9% in the last three months of 2024, its lowest level since the second quarter of 2020 and below the current 3% to 6% target range.