Mboweni on the role of the SARB and consumers

In the speech 'The role of the South African Reserve Bank in the protection of consumers' given on 15 March Tito Mboweni of the South African Reserve Bank said that while the central bank aimed to achieve price stability and low and sustainable inflation, this did not imply that prices of goods and services did not change.

"Low inflation is in the interests of all South Africans, whether consumers, business people or pensioners. Inflation implies a continuous decline in the value of money and the

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