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SARB isn't crippling growth in SA - economist

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Cape Town - The SA Reserve Bank (SARB) should be regarded as an enabler for South Africa to successfully meet its growth and transformation challenges, according to Dr Kenneth Creamer, economist from Wits University.

He said despite criticism, it is extremely unlikely that the SARB will abandon inflation targeting. Currently SARB has a mandate from government to keep inflation between 3% and 6%.

Dr Creamer said inflation targeting is widely accepted in South Africa and in many other countries around the word as an appropriate framework for the conduct of monetary policy. 

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