South Africa
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…
Inflation targeting, growth move in sync - Mboweni
A low inflation environment supports economic growth and no one can oppose that, said Tito Mboweni. The South African Reserve Bank governor was speaking in his first lecture at a university he is an honorary professor of.
Mboweni delivers the bad news about rates
A warning by the South African Reserve Bank against hopes of an early interest rate cut was a timely signal to quell over-optimism in the market, economists said on Friday.
South African Reserve Bank Press Release
PRESS RELEASE - New deputy governor appointed at South African Reserve Bank, 19 December.
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…
Play more golf says Tito Mboweni
While CentralBanknet has long been aware of South African Reserve Bank Governor Tito Mboweni's passion for fly fishing, his love of golf came as a surprise to us.
Rand near year highs ahead of rate news
South Africa's rand hovered near 13-month highs against the dollar as investors waited for the outcome of the central bank's quarterly monetary policy meeting.
Mboweni takes inflation plan to the people
SOUTH AFRICA - South African Reserve Bank (SARB) Governor Tito Mboweni took the central bank's views on inflation to the public on Wednesday, stressing the bank would not try to meet its targets "at all costs".
Curb inflation, not economy - Tito Mboweni
SOUTH AFRICA - Central bank governor Tito Mboweni sent a strong signal on Thursday that interest rates may have peaked, saying the fight against inflation must not jeopardise the health of the overall economy.
South African Reserve Bank Press Release
PRESS RELEASE - Governor appointed Honorary Colonel, 31 October.
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…
SARB Press Release
PRESS RELEASE - Governor clarifies reports - statement by the South African Reserve Bank, 23 October.
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…
Tito Mboweni urges scrutiny of inflation basket
SOUTH AFRICA - Central bank governor Tito Mboweni has urged academics to analyse the country's inflation targets, as part of a challenge to make research institutions become more relevant to public policy.
Bomb scare at African fin ministers cocktail party
SOUTH AFRICA - Panic characterised the glittery cocktail party for the African finance ministers and central bank governors meeting following a hoax that a bomb had been planted at the Sandton Convention Centre on Sunday evening.
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.
SARB-South Africa's inflation outlook has improved
SOUTH AFRICA - Central bank governor Tito Mboweni sent a strong signal on Tuesday that interest rates may not rise again in November, saying the country's inflation outlook had improved "significantly".
Improved competitiveness needed in Africa- Mboweni
SOUTH AFRICA - Reserve Bank Governor Tito Mboweni says the world economy of the 21st century dictates that improved competitiveness is fundamental to overcoming the socio-economic problems facing Africa.
SARB reject call for changes to inflation target
SOUTH AFRICA - South African Reserve Bank (SARB) Governor Tito Mboweni on Wednesday dismissed calls for changes to the inflation target measure, and stressed the central bank had to remain vigilant against rising inflation.
Speech by Tito Mboweni, RB of South Africa, 18 Sep
SPEECH - In the speech Mboweni said South Africa is regarded as having a dual economy. On the one hand it is an emerging market with its fair share of challenges regarding economic growth, wealth distribution, and inflation. In particular, we face the…
South African Reserve Bank Quarterly Bulletin
REPORT - The South African Reserve Bank has published its Quarterly Bulletin for September 2002. In the Bulletin the SARB report that deteriorating financial market conditions could dampen the global recovery. Falling stock market prices, through various…
Inflation target regime debated in South Africa
SOUTH AFRICA - Economists briefing Parliament's finance committee endorsed the country's inflation targeting regime on Friday, but offered conflicting advice on how to improve it.