Africa

Liikanen on regional economic integration

In the speech 'Regional economic integration and monetary cooperation' given on 1 February Erkki Liikanen of the Bank of Finland said the role of monetary integration has been of decisive importance in the European context.

IMF paper on building supervisory structures

The IMF Working Paper "Building supervisory structures in Sub-Saharan Africa - An analytical framework" says that current trends in financial sector development in sub-Saharan Africa are prompting policymakers to focus on the design of appropriate…

Mboweni says SARB independent despite shareholders

Although the South African Reserve Bank is controlled by the government and private shareholders it is one of the most independent central banks in the world, Reserve Bank governor Tito Mboweni said in an article published Friday 12 January.

WAMZ members commit to single currency

According to this article from This Day, published Tuesday 2 January, West African Monetary Zone member countries have expressed commitment to move forwards to a single monetary zone by 2009.

SARB's Quarterly Bulletin, December 2006

The South African Reserve Bank published its December 2006 Quarterly Bulletin on 8 December. According to the latest Bulletin, higher South African exports and a fall in oil imports helped narrow the current account deficit in the third quarter.

SARB's Guma on investing in Africa

In the speech 'Investing in Africa' given on 28 November X P Guma of the South African Reserve Bank said central bankers, and many who work in central banks often hear: they do not always listen.

Mboweni on the National Payments System in SA

In a speech given on 15 November Tito Mboweni of the South African Reserve Bank said collaboration between the Bank and the banking industry has resulted in the South African Payment System being recognised as an example or model for development…

SARB's Mboweni on supporting development

In the speech 'Joining hands in support of development' given on 14 November Tito Mboweni of the South African Reserve Bank said the SARB will remain resolute to keep inflation under control, and not hesitate to change monetary policy before Christmas if…

SARB Financial Stability Review, September 2006

The South African Reserve Bank published the September 2006 edition of its Financial Stability Review on 10 November. In its latest report the SARB said the volatility of South Africa's rand could be negative for long-term growth, but for now the…

SARB Monetary Policy Review, November 2006

The South African Reserve Bank published its Monetary Policy Review for November 2006 on Wednesday 8 November. South Africa's inflation outlook has deteriorated over the past few months, with continued high consumer demand and a weaker currency seen as…

SARB's Mboweni on monetary policy decision making

In the speech 'Monetary policy decision making in an uncertain international economic environment' given on 2 November Tito Mboweni of the SARB said sustained lower international oil prices will help to contain inflation in South Africa, but this should…

Mboweni on the South African bond market

In the speech 'Celebrating excellence in the South African bond market' given on 26 October Tito Mboweni of the South African Reserve Bank said South Africa's solid fundamentals support economic growth, but the country remains vulnerable to changes in…

Mboweni on the SARB and academia

In the speech 'The relationship between the South African Reserve Bank and academia' given on 23 October Tito Mboweni of the South African Reserve Bank said that the country's widening current account deficit posed a risk to the exchange rate of the rand.

Mboweni on the challenge of employment equity

In the speech 'The challenge of employment equity with specific reference to transformation at the South African Reserve Bank' given on 13 October Tito Mboweni of the SARB said the progress we have made at the SARB with employment equity since 1999 has…

SARB's Mboweni on South Africa's financial markets

In the speech 'South Africa's financial markets within the Southern African sub-region' given on 7 October Tito Mboweni of the South African Reserve Bank said that a weaker rand might fuel inflation but that higher interest rates were unlikely to pose a…

SA's Mboweni on monetary policy and bond markets

In the speech 'Monetary policy and South African bond market developments' given on 5 October Tito Mboweni of the South African Reserve Bank said South Africa's rand is adjusting to the current account deficit but has fallen to levels that may add to…

Mboweni's overview of the South African economy

In the speech 'An overview of the South African economy' given on 3 October Tito Mboweni of the South African Reserve Bank said South Africa's structural imbalances need to be tackled to curb inflation pressures.

SARB's Mboweni on regulatory developments

In the speech 'International regulatory developments and the South African banking sector' given on 2 October Tito Mboweni of the South African Reserve Bank said South Africa's high rate of private sector credit is a major concern and poses a risk to the…

SARB rejects IMF inflation-target suggestion

The government and the South African Reserve Bank have asked the International Monetary Fund (IMF) to stop making policy suggestions that sound prescriptive, South African Reserve Bank Governor Tito Mboweni said on Friday 22 September.

SARB's Quarterly Bulletin, September 2006

The South African Reserve Bank published its September 2006 Quarterly Bulletin on 21 September. According to the latest Bulletin, South Africa's current account deficit declined marginally from 6.4% of GDP in the first quarter to 6.1% in the second…