Africa
Basel Committee expands membership
The Basel Committee on Banking Supervision on Wednesday expanded its membership to include all G20 countries.
Institutions matter in financial development
The gap in financial development between the countries of the CFA franc zone and the rest of Sub-Saharan Africa can be explained by differences in institutional quality, new research from the International Monetary Fund reveals.
Uganda's Tumusiime-Mutebile: more aid needed
Multilateral institutions could assist African economies by providing balance of payments support as well as structural adjustment loans for countries dependent on primary commodity exports, said Emmanuel Tumusiime-Mutebile, the governor of the Bank of…
Sub-Saharan Africa faces severe slump, IMF warns
The International Monetary Fund warned on Tuesday that economies in sub-Saharan Africa were facing a "severe downturn" and called for a strong public-policy response both domestically and internationally.
SA's Mminele on Southern Africa's goals
The Southern African Development Community's goal is to achieve a single currency and a regional central bank by 2018, said Daniel Mminele, an executive general manager of the South African Reserve Bank.
South African Reserve Bank - Quarterly Bulletin
South Africa cannot escape the negative consequences of the international financial turmoil, notes the South African Reserve Bank's March Quarterly Bulletin.
SA inflation dips as new gauge introduced
South African inflation plunged by more than two percentage points last month following the introduction of a new inflation basket.
Africa will not be spared - IMF's Kato
The global financial crisis will not spare Africa, said Takatoshi Kato, a deputy managing director of the International Monetary Fund (IMF).
SA's new CPI gauge trims inflation by 0.9pp
The new method of calculating South African headline inflation would have trimmed nine-tenths of a percentage point off the December measure, the government's statistics bureau said on Tuesday.
Banknote Watch SA launched
A new organisation, called Banknote Watch SA, has been launch in South Africa to prevent cash-related crime in the run-up to the FIFA 2010 World Cup in the country.
South African inflation hits record high
South African inflation accelerated to 13.6% in the year to August, the highest level since the government began to compile the data in 1998.
SA trade deficit narrows in second quarter
South Africa's trade deficit narrowed from 8.9% of GDP in the first quarter to 7.3% in the three months to June, the country's Reserve Bank reported on Thursday.
SA may target different inflation measure
The South African Reserve Bank may target a different measure of inflation from 2009 onwards, the country's finance minister is reported as saying.
South Africa signals end to rate hikes
The South African Reserve Bank's tightening cycle appears to be at a close after the Pretoria-based central bank held rates at 12% on Thursday.
Southern Africa: regional cooperation vital
Regional integration that enhances economic growth is a vital objective of Southern African governments, said Xolile Guma, a deputy governor of the South African Reserve Bank.
SA stats accused of overestimating inflation
South Africa's government statistics bureau is overestimating inflation by more than two percentage points, Investec, an asset management firm, has argued.
Price surges hitting Africa hard: IMF
Several African countries are set to suffer a large blow as a result of soaring food and energy prices, the International Monetary Fund has said.
IMF on how to insure against external shocks
A new International Monetary Fund paper finds the level of reserves required to self-insure against external shocks for two of the world's most vulnerable regions.
PPI measure adds to SARB's woe
South African producer price inflation (PPI) soared by 2% in February, leaving the year-on-year measure at 11.8%, data published on Thursday showed.
SA economies unaffected by turmoil
The economies of Southern Africa have remained strong despite the volatility in global financial markets, Tito Mboweni, the governor of the South African Reserve Bank, said in a recent speech.
Governors discuss African market development
The South African Reserve Bank has published a series of papers from a roundtable of governors, where discussions focused on the theme "Financial market developments in Africa: new challenges for central banks?"
South African inflation rockets to 9.4%
Soaring food and transport costs prompted South Africa's inflation rate to leap by more than half a percentage point in February.
South African politicians want say on rate votes
Lawmakers have called on the South African Reserve Bank to take their opinions into account when setting rates.
South Africa holds rates
The South African Reserve Bank's rate-setting board voted on Thursday to hold rates at 11%.