South African Reserve Bank SARB Governor, Lesetja Kganyago is confident that the bank and National Treasury will align on the inflation target .
Kganyagos comments come after Finance Minister, Enoch Godongwana poured cold water over expectations that he would move to support the banks preference for a 3 inflation target.
In a statement last week, Godongwana said he had no plans to announce a move to a lower target at the medium-term budget.
Addressing shareholders at the banks Annual General Meeting AGM, today the Central Bank Governor says consultations between the two continue.
Kganyago has made it clear that conversations regarding the inflation target continue. He told shareholders that the official target range remains at 3 to 6 saying the bank aimed for the bottom.