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Inflation targeting: how the SARB is succeeding in anchoring of inflation expectations

27 September 2009
Publication Type: Policy Brief
JEL Code: E4, P44

Evidence suggest that the use of inflation targeting by the South Africa Reserve Bank (SARB) has supported the anchoring of inflation expectations in South Africa. The monetary policy success is gauged by measuring the sensitivity of inflation expectations to surprise movements in macro-economic variables.

Research Brief 06
1 August 2009
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