South Africa
SARB maintains monetary stance
South African Reserve Bank Governor Tito Mboweni Thursday said the central bank's current monetary policy stance would be maintained. This in line with most economists' expectations that interest rates would remain unchanged at the bank's six-weekly…
SARB gets new power on reserves
The South African parliament has given central bank governor Tito Mboweni anew lever of monetary policy, giving him the right to change the definitionof what type of money commercial banks must hold as reserves.
South African central bank governor robbed
Governor of the South African Reserve Bank, Tito Mboweni, was the victim of an armed robbery while he was a petrol station. They stole Mboweni's mobile phone. Fortunately, no one was injured.