Inflation is expected to remain within its target range for the next two years, according to the South African Reserve Bank (SARB). In its October Monetary Policy Review released last week, the SARB said the central projection of the baseline forecast shows that inflation is expected to reach a low point of 3.7% in the third quarter of 2010. The target range is between 3 and 6%. Inflation is expected to remain within the target range until the end of the forecast period, averaging 4.8% in 2011 and measuring 5.1% in the final quarter of 2012, according to BuaNews.
