Shortly after the April MPR, ERSA’s host sat down with Dr Chris Loewald, the Head of the Research Department at the Reserve Bank, and a member of the Monetary Policy Committee to discuss inflation targeting amidst the increasing international trade tensions, global uncertainty and concerns of stagflation. As a relatively complex and small economy that trades with both advanced economies and emerging markets, adopting the inflation targeting regime has served South Africa well over the last 25 years. With increasing global uncertainty, what is working and what isn’t working with this monetary policy regime? What can we learn from other countries, and what can other countries learn from us? How was South Africa’s inflation target chosen, and should it remain the same? Chris answers these questions and draws on insights from his research, the recent South African Reserve Bank Biennial Conference and the April Monetary Policy Review. To learn more about how the South African Reserve Bank navigates price stability during uncertainty, listen to this podcast!
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