Treasury's Makhlouf sees no need for 'radically different' inflation target

Wed, 30 Mar 2016

By Tina Morrison March 30 (BusinessDesk) - Treasury secretary Gabriel Makhlouf says he's seen no evidence that the policy framework between the Reserve Bank and the Finance Minister needs to be "radically different" despite weak inflation, and the department's regular review of the policy targets agreement will be "business as usual". The PTA requires monetary policy to hold inflation between 1-to-3 percent on average over the medium term, with a focus on keeping future average inflation near the 2 percent midpoint. Inflation barely regis...

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