SARB policies here to stay regardless of Zuma

- Central Banking staff
- 30 Nov 2007

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Tito Mboweni, the governor of the South African Reserve Bank, moved to assure markets on Thursday night that inflation targeting would remain whether or not the South African presidency changed hands.

"Inflation targeting will be here for many years," Mboweni told reporters. "Anyone that tries to change the economic policy basis will be in trouble."

Mboweni's assurances came amid concerns that the Reserve Bank would face pressure to drop its 3% to 6% target range and reduce interest rates, which

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