Template-Type: ReDIF-Paper 1.0 Author-Name: Christopher Loewald Author-Name: Rudi Steinbach Author-Name: Jeffrey Rakgalakane Title: Less risk and more reward revising South Africas inflation target Abstract: In this paper, we set out the macroeconomic, growth, fiscal and distributional implications of reducing the inflation target from 4.5% to 3%. Creation-Date: 2025-05-29 File-URL: https://www.resbank.co.za/content/dam/sarb/publications/working-papers/2025/less-risk-more-reward.pdf File-Format: application/pdf File-Function: Revision Number: 11079 Handle: RePEc:rbz:wpaper:11079