Guiding consumers since 2009

Inflation target is best policy, Mboweni says

By Staff Writer

Inflation target is best policy, Mboweni says 

By Hilary Joffe
From Business Day

Reserve Bank Governor Tito Mboweni launched a renewed defence of the inflation targeting policy yesterday, telling students at the University of the Witwatersrand that any central banker worth his salt would have to pursue low inflation and that the alternative instruments did not work.

Justmoney.co.za says:

Inflation targeting takes a long time to work, it has a significant lag from when rates are changed to when they are felt through the economy. So the last few years and 500 basis points later we still have not felt the full effects. In the meantime while you wait, open a savings account or get a better banking account, transfer your credit card and plan for your retirement.

Recent Articles

Featured Calculate your vehicle finance instalments

You’ve dreamed of a set of wheels since you can remember, and now that you’re a responsible adult with a steady income, you’re ready to take on funding to make this dream a reality. But what kind of vehicle finance options are available to you? Justmoney gives you the rundown.

Check the interest before you take a loan

Justmoney takes a look at what influences the interest rate on a personal loan, the difference between secured and unsecured loans, and its impact on the interest rate.

One retirement, so many funds – pick the right one

Saving for retirement should be one of your priorities. However, it can be confusing to choose between a pension fund, provident fund, preservation fund, or a retirement annuity if you’re not familiar with them.

Which funeral cover lays your worries to rest?

A funeral can be as expensive as R50,000, depending on the type of funeral you want. That is why purchasing funeral cover is important. However, you don’t have to accept every offer that is put on the table. Shopping around can save you a large amount of money.

Deals

Wimpy Cheese Griller Brekkie Special

Price: R49.90
When: Until 9 September
Where: Nationwide

Mowana Spa Me Time Indulge Special

Price: R899
When: Until 31 August
Where: Fourways

Premier Hotels Weekend Getaway Special

Price: From R540
When: From 1 September
Where: Nationwide