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Lessons learnt - how the South African Reserve Bank moved inflation to 4.5% and what it cost

· Lesetja Kganyago, Governor of the South African Reserve Bank (South Africa)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, development and emerging economies

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· Lesetja Kganyago Wiki · South African Reserve Bank WikiLessons learnt - how the South African Reserve Bank moved inflation to 4.5% and what it cost

ContextSpecial guest lecture by Lesetja Kganyago, Governor of the South African Reserve Bank, at the Department of Economics, Stellenbosch University, Stellenbosch, 17 October 2024.

Why it mattersSouth Africa's governor explains how inflation was brought to 4.5% and what it cost.

Problems raised
  1. The world saw its biggest inflation surge in decades.
  2. Lowering inflation has costs.
  3. Administered prices keep rising fast.
Solutions proposed
  1. Move inflation down to 4.5% and lower.
  2. Learn lessons from the disinflation.
  3. Explain the costs and benefits of low inflation.
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