Mboweni calls for clarity on SARB's duties on rand

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

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: