Deriving from this constitutional mandate, the Bank regards its primary goal in the South African economic system as "the achievement and maintenance of price stability". This is currently interpreted as CPIX inflation – that is headline inflation less mortgage interest costs – being between 3 to 6 per cent.
On the other hand, even after more than half a year has passed since the spread of the disease took hold, people seem to be increasingly recognizing that it will take time to envision a path toward normalization where the risk of infection has been completely dispelled.