07 Apr 2016
Why inflation targeting is necessary
By Janice Roberts
In this article, Carl Roothman, Sanlam Investments CE of retail business shows that Inflation targeting, though often criticised for stunting economic growth, is very necessary to create price stability which is a requirement for long-term economic growth. High inflation is detrimental to economic growth. It attracts investment to non-productive assets and discourages saving; consumers are...