This is why the Taylor rules for South Africa have a weighting on both the output gap and inflation relative to the target.11 This should also be clear from any statement of the SARB’s Monetary Policy Committee (MPC) or from the biannual Monetary Policy Review, all of which are available on our website. There are two ‘takeaways’ from this discussion.
Even a central bank with an employment mandate will still behave like an inflation targeter. And inflation-targeting central banks also consider real variables such as growth and unemployment when they make monetary policy. Conclusion  Central banks have the power to deliver low inflation.