Mboweni on the crunch

Tito Mboweni, the governor of the South African Reserve Bank, said "the fact that we have not had to be concerned about liquidity and financial stability issues has allowed the Bank to continue focussing on its objective of bringing inflation back to within the target range."

"Our banks...have not had any interbank or liquidity problems of the type experienced in Europe and the US, and the South African Reserve Bank has not had to intervene with any unusual liquidity provision," Mboweni said

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