Mboweni calls for clarity on SARB's duties on rand

- Central Banking staff
- 30 Sep 2003

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Tito Mboweni has called for the South African Reserve Bank's constitution to be changed so that the central bank's objectives can be clarified. Mboweni insisted that the bank's primary objective was to achieve price stability, while the constitutional provision was often misinterpreted to mean protecting the exchange rate of the rand.

Source: Business Day

Reserve Bank governor Tito Mboweni called yesterday for the constitution to be changed to clarify the central bank's objectives.

His call, at a

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