South Africa
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.
SA's Mboweni on the importance of communication
The need for good communication to support an effective monetary policy regime has again been underlined by Tito Mboweni, the governor of the South African Reserve Bank.
South African Reserve Bank - Annual Report 2006/07
Tito Mboweni, the governor of the South African Reserve Bank, noted the importance of transparency in his foreword to the central bank's latest annual report.
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.
Mboweni discusses role of forecasting
Tito Mboweni, the governor of the South African Reserve Bank, discussed the limitations of economic forecasting in a speech given in Johannesburg on Wednesday.
Banknotes remain important - SA chief economist
Monde Mnyande, the chief economist of the South African Reserve Bank said that the ratio of coins and notes in circulation to gross domestic product has risen since 2004, after the ratio had declined steadily since the mid seventies.
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.
Mboweni dismisses calls for intervention
The governor of the South African Reserve Bank, Tito Mboweni, dismissed the suggestion of a group a renowned economic advisors to the government.
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.
Monetary integration in Southern Africa
This IMF working paper finds that the current Common Monetary Area (CMA) agreements between South African, Lesotho, Swaziland and Namibia, although not a full monetary union, have delivered many benefits of a full monetary union.
South African reserves approach $26 billion
The South African Reserve Bank has announced that net gold and foreign exchange reserves rose last month to $25.94bn from $28.28bn at the end of May. The central bank said gross reserves were up at $28.28bn from $27.85bn the previous month, and net…
Mboweni on the commodity boom
Although higher commodity prices have a positive affect on the economy, they create various problems and challenges for economic management, explained Tito Mboweni, governor of South Africa's central bank.
SARB raises rates as inflation soars
The South African Reserve Bank raised the key repo interest rate by 50 basis points to 9.5% on 7 June, after inflation surged through the upper band of the central bank's 3% to 6% target range in April.
South Africa's reserves surge in one month
New data from the South African Reserve Bank has revealed that net gold and foreign exchange reserves rose to $25.48bn in May from $24.59bn the previous month. Gross reserves were also up to $27.85bn from $27,02bn.