South Africa's Kganyago Says Inflation Target Review Nearing End.

South African Reserve Bank Governor Lesetja Kganyago stated that the review of the country's 3% to 6% inflation target is nearing completion. The central bank aims to anchor inflation expectations at the midpoint of its target range, which has not been revised since 2000. Kganyago has advocated for a lower target to address the country's higher inflation compared to its emerging market peers. [Extracted from the article]