S.Africa still unaware of new MPC policy-Mboweni

South African markets are still not fully aware of the fact that the central bank has introduced a new monetary policy regime which focuses on inflation targetting, central bank governor Tito Mboweni said.

At a dinner which the bank hosted for financial journalists, Mboweni said that both the media and analysts focused too much attention on issues such as the exchange rate and other economic indicators when speculating on the outlook for interest rates.

"We are not targetting the exchange rate

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