Africa
South Africans' inflation expectations
South African economic agents are neither exclusively rational nor exclusively adaptive in forming inflation expectations, research published by the South African Reserve Bank finds.
South Africa bids to cool economy with 50bp rise
The South African Reserve Bank looked to dampen rampant inflation by hiking rates by half a percentage point for the third time since July.
SARB policies here to stay regardless of Zuma
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.
South African inflation rampant despite rate hikes
Two 50 basis point rate hikes have failed to dampen rising inflation in South Africa, new statistics showed on Wednesday.
US downturn's impact limited in East Africa
An economic slowdown in the United States would have ramifications for East Africa but many factors can limit its impact, says Emmanuel Tumusiime Mutebile, the governor of the Bank of Uganda.
G20 statement
The following statement was made by finance ministers and central bank governors at the G20 meeting that took place in South Africa, near Cape Town, on 17 and 18 November 2007.
We can escape capital flight loop: Kenya's Ndung'u
Sub-Saharan African countries can escape the "infinite loop" of external indebtedness, corruption and capital flight, according to Njuguna Ndung'u, the governor of the Central Bank of Kenya.
Global interdependence requires caution: Mboweni
The interdependence of the global financial system could mean that financial instability affects countries that are not directly involved in the actions that have led to the volatility, according to Tito Mboweni, the governor of the South African Reserve…
SARB - Financial Stability Report, September 2007
The South African Reserve Bank published the latest edition of its Financial Stability Report in September.
South Africa hikes rates by 50 basis points
The South African Reserve Bank (SARB) surprised markets on Thursday, pushing its benchmark rate up by half a percentage point to 10.5%.
Turmoil not likely to hamper growth, says Mboweni
South Africa's economy will continue to prosper in spite of the recent global banking crisis because of its favourable macroeconomic position, said Tito Mboweni, the governor of the South African Reserve Bank.
World Bank to invest $5 billion in bonds for poor
The World Bank will set up a $5 billion fund to invest in bonds denominated in currencies of poor nations.
Egypt to use SIA-SSB payments system
Egypt's central bank picked SIA-SSB, an Italian technology company, to develop its new large-value payments, the company announced at Sibos.
BCAEO - Annual Report 2006
Governors from members of the BCAEO alliance were very much involved in shaping the agenda of the March 2006 meeting of the Association of African Central Banks, which was held at the head office of the BCAEO in Dakar, Senegal.
SA reveals rate hikes are paying off
The South African Reserve Bank's monetary policy appears to be working as inflationary pressures dampened in the quarter to September.
Gono denies parallel trading by central bank
Gideon Gono, the governor of the Reserve Bank of Zimbabwe, has denied reports that the central bank is tapping unofficial currency markets in search of foreign currency, notably dollar and South African rand.
South African Reserve Bank raises rates by 0.5%
The South African Reserve Bank has hiked rates to 10% to combat rising inflation.
South Africa details forecasting model
The Reserve Bank of South Africa has published a paper describing the key stochastic equations in its core model, which is used for forecasting purposes at Monetary Policy Committee (MPC) meetings.
Mboweni predicts interest rate increase
Tito Mboweni, the governor of the Reserve Bank of South Africa, says the central bank is more likely to raise interest rates than reduce them at its policy meeting next week.
South Africa's Mboweni on monetary policy risks
In this speech Tito Mboweni, the governor of the South African Reserve Bank, outlines some of the major concerns currently facing the central bank.
South African inflation target band remains
The South African Reserve Bank's current inflation target band of 3% to 6% will be maintained despite criticism from the International Monetary Fund (IMF), finance minister Trevor Manuel announced on Monday 6 August.
South African inflation remains well above target
Inflation in South Africa remained well above the central bank's target for inflation in June. It was the third consecutive month that inflation, as measured by the central bank's target measure CPIX index, breached the South African Reserve Bank's (SARB…
Zimbabwe can't join rand monetary union - Mboweni
Tito Mboweni, the governor of the South African Reserve Bank, says Zimbabwe was far from being ready to join the rand common monetary area (CMA), which currently includes South Africa, Lesotho, Namibia and Swaziland.
Australia also wants wider net for Fund leader
Peter Costello, the Australian federal treasurer, has joined the international chorus urging a departure from tradition in the selection of the next head of the International Monetary Fund.