Fitch Ratings expects South Africa's National Treasury to formally lower the nation's inflation target to 3 next month, endorsing the central bank's adoption of the goal in July.
The announcement is expected when Finance Minister Enoch Godongwana presents his Medium-Term Budget Policy Statement on 12 November, Thomas Garreau, director for Middle East and Africa sovereign ratings, said in a webinar on Tuesday.
"We do consider that the upcoming medium-term budget speech will formally announce" a 3 target, he said.
The Treasury is in a closed period before the presentation by Godongwana, who's previously said he'll make an announcement "as soon as is practical."
