South Africa

Regional central bank unviable - Tito Mboweni

Tito Mboweni, governor of the South African Reserve Bank, said on Tuesday 24 June "We have agreed we will do some research on what the feasibility is of a common central bank for South Africa, Lesotho, Swaziland and Namibia", according to Reuters…

Mozambique c bank governor denies economic crisis

The governor of the Mozambique central bank Adriano Maleiane has tried to calm matters in the African nation, according to All Africa News, by denying any crisis in the economy and blaming increased prices on the rise in the value of the South African…

Inflation expectations crucial - SARB

The South African Reserve Bank suggested in its June quarterly bulletin that it expected inflation to hit its target later this year but it would largely depend on the extent to which price expectations conformed to trends, according to a report by…

SARB reduces interest rates by 1.5%

The South African reserve bank cut interest rates on Thursday 12 June for the first time in 21 months to 12 per cent, according to a report by Business africa. Governor Tito Mboweni said the central bank would remain alert to inflation risks though.

South African 'super regulator' idea rejected

A proposal from South Africa's finance minister to establish a 'super regulator' that would take away responsibility for banking supervision from the central bank has been rejected by bank CEOs in a recent survey, according to Business Day.

SARB: possible shift in foreign currency policy

South Africa's reserve bank has intervened in the currency market, in what is being seen as a shift in the Bank's policy. According to Business Day, the rand's recovery prompted the SARB to purchase dollars for reserves on a "moderate scale" governor…

SARB appoints Ian Plenderleith as deputy governor

The South African Reserve Bank said Thursday that it has appointed Ian Plenderleith as a deputy governor with effect from 1 January 2003. Until May 2002 this year Plenderleith was a member of the Bank of England's interest rate setting Monetary Policy…

Rand defence

ARTICLE - Tito Mboweni, South Africa's Reserve Bank governor, is taking the defence of his country's currency to new lengths. On Friday, Mboweni donned military regalia for his appointment as an honorary colonel of the 1st South African Tank Regiment.

South Africa's Mboweni lashes out at the media

SOUTH AFRICA - Reserve Bank governor Tito Mboweni has once again expressed dissatisfaction with the manner the media reports his speeches. He even suggested that he had seriously considered stopping giving interviews and excluding wire services from his…

Manuel calls for SARB inflation target review

SOUTH AFRICA - Finance Minister Trevor Manuel has suggested politicians and other interested parties hold a discussion on inflation targeting once Statistics South Africa has completed its study on the country's target measure, CPIX.

Mboweni on monetary policy making in South Africa

SPEECH - In the speech 'Monetary Policy Making in South Africa' made on 8 October, Tito Mboweni of the South African Reserve Bank said that inflation has risen from 4 per cent a year ago to 11.6 per cent in August this year. The steep depreciation in the…

SARB Monetary Policy Review - October 2002

REPORT - The South African Reserve Bank has published its October Monetary Policy Review. The report reflects on increased inflationary pressures in the South African economy following the depreceiation of the rand in the latter half of 2001.

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