Monetary Policy - The Federal Reserve has abandoned its 2% inflation target in favor of "flexible inflation targeting" [1] - Low interest rates are now primarily used to manage the national debt [2] - Fiscal dominance is now the prevailing economic condition [3]

Monetary Policy - Namibia's central bank considers benefits of adopting a lower inflation target proposed by the South African Reserve Bank [1]

Core Viewpoint - The President of the St. Louis Federal Reserve, Alberto Musalem, supports the decision of the Federal Reserve to maintain interest rates unchanged, indicating that there is still a shortfall in achieving inflation targets [1] Economic Conditions - Current economic conditions suggest that the inflation target has not yet been met, according to Musalem [1] - The labor market is nearing full employment, with no gaps in employment objectives [1]

Monetary Policy - South Africa's central bank unilaterally lowered its inflation target [1] - The finance ministry insists it alone holds the authority to set policy [1]

Inflation Target - South Africa's inflation target may be lowered to 3% by the end of 2027 [1] - Bank of America made the statement regarding the inflation target [1]

The South African Reserve Bank could lower its inflation target as soon as its policy meeting at the end of this month https://t.co/qQdbiLBcts ...

Your biggest concern at the moment seems to be the appreciation of the euro against the dollar. We were in Sintra earlier this week where the vice president, Mr. . de Guindos, was talking about 120 as the limit.What is your take on this. So I won't comment on my colleagues commands. It's a general rule, but we look closely at the volatility of the exchange rate.It has been significant since the start of the year with a 13% appreciation of the euro against the dollar. By the way, it's not a specific apprecia ...

An internal committee of the Reserve Bank of India is in favor of retaining the current inflation target in an upcoming government review https://t.co/fpsekEtMRL ...

Inflation & Monetary Policy - Central banks have done a good job taming the great inflation of 2022 [1] - The primary concern should be the inflation trajectory, as it dictates the direction of interest rates [3][4] - Current policy is broadly in line with a neutral stance, with analysts suggesting a 7% nominal rate indicates neutral territory [14][15] - Uncertainty about the inflation trajectory persists due to past volatility [15] Inflation Target & Policy Revision - There's an opportunity for "opportunistic disinflation," using a low inflation environment to anchor inflation expectations [5][11] - The current inflation target range is considered too wide and high compared to peers, necessitating a revision [10] - The South African Reserve Bank is undergoing a review, with recommendations to lower the inflation target to 2-3% [6][8] - Lowering the inflation target could lead to lower nominal interest rates [14] Risks & Communication - Geopolitical shocks and policy decisions (tariffs) can impact the economic outlook [2] - Scenarios are useful for policymakers to communicate potential risks and future trajectories, but require careful communication to avoid public misinterpretation [16][17]

A review of South Africa’s inflation target by the National Treasury and the nation’s central bank is close to completion, Governor Lesetja Kganyago said https://t.co/XlyAyO9tLc ...