Steve Hanke(@steve_hanke):South Africa’s inflation came in at 4.5%/yr in Sep. That's above SA's target. Money supply (M2) is growing at 8.1%/yr, ABOVE Hanke’s Golden Growth Rate range of 4.3-6.3%/yr, a range consistent with SA’s inflation target of 2%/yr-4%/yr. INFLATION STORY = A MONEY SUPPLY STORY.

Steve Hanke

@steve_hanke

Professor of Applied Economics @JohnsHopkins | Senior Contributing Columnist @Fortune | FX & Commodity Trader | Reagan White House | Views are my own

Joined October 2012

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Steve Hanke@steve_hanke

2026.10.27 00:22

South Africa’s inflation came in at 4.5%/yr in Sep. That's above SA's target. Money supply (M2) is growing at 8.1%/yr, ABOVE Hanke’s Golden Growth Rate range of 4.3-6.3%/yr, a range consistent with SA’s inflation target of 2%/yr-4%/yr. INFLATION STORY = A MONEY SUPPLY STORY.