How Realistic Is BoB's New Inflation Objective?

On the backdrop of rising food and fuel prices, the recent 15 percent public service salary increment awarded against the background of rising prices of consumer goods, especially food and fuel, and the possibility of a hike in administered prices, Monitor Business asked some analysts if the new objective is achievable.

"I don't think the objective is to hit it as quickly as possible," says Maungo Lebanna of Investec, but it nevertheless poses a challenge because even the previous target band of 4 to 7 percent was missed for most of the time.