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South African Reserve Bank
 
 
     
 
 

Targets and Results 

Some countries have opted for target ranges in specifying their inflation targets, while others prefer a point target or a point target combined with a range. The trade-off in this regard is essentially between the simplicity of a point target and the degree of flexibility for absorbing shocks outside the control of the authorities which a target range allows.
 
In South Africa the inflation target was specified as a range or band of achieving an average rate of increase in consumer prices. These bands, together with the actual inflation rates achieved are shown below.
 

 
 
     
 
 
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