South Africa
SARB's Quarterly Bulletin, September 2006
The South African Reserve Bank published its September 2006 Quarterly Bulletin on 21 September. According to the latest Bulletin, South Africa's current account deficit declined marginally from 6.4% of GDP in the first quarter to 6.1% in the second…
SARB's Mboweni warns rates may have to rise
South Africa's central bank warned on Thursday 21 September that a large deficit on the country's current account could force interest rates higher.
Central banker of the year announced
Several publications announced awards for the world's central bankers this week, including a Euromoney award for Lebanon' s central bank governor Riad Salameh for his management of the crisis during Israel's recent onslaught.
SARB's Mboweni on the South African economy
In the speech 'An overview of the South African economy' given on 14 September Tito Mboweni of the South African Reserve Bank said South Africa's large deficit on the current account may stem partly from an exchange rate which was out of balance, but the…
SARB's Mboweni on monetary policy and the markets
In the speech 'Monetary policy and the markets: A two-way street' given on 7 September Tito Mboweni of the South African Reserve Bank said central banking has come a long way since the days, not too many years ago, when monetary policy was shrouded in…
South African Reserve Bank releases annual report
According to the Reserve Bank's 2006 Annual Economic Report released on Wednesday 23 August, South Africa's current account deficit widened to a seasonally adjusted and annualised R98.9-billion in the first half of 2006 from R58.7-billion in the first…
South African Reserve Bank - Annual Report 2006
According to the South African Reserve Bank's Annual Report 2006, despite a growing current-account deficit, capital inflows enabled the Bank to further increase its levels of official foreign reserves.
SARB's Guma reappointed deputy governor
South African President Thabo Mbeki has reappointed Xolile Guma to serve as deputy governor of the central bank for another five years, the South African Reserve Bank (SARB) said on Monday 7 August.
SARB's Mboweni on education
In the speech 'Education transforms lives - It changed mine' given on 28 July Tito Mboweni of the SARB said South Africa's economy can maintain a growth rate of more than four percent in 2006, but high global oil prices and domestic factors pose …
Comment: Mboweni set to spoil the party
South Africa's central bank governor, Tito Mboweni, remains concerned about imbalances in the South African economy. Markets expect another 50 basis point hike this week.
Comment: Small steps or big bang?
A recent collection of papers published by the Bank for International Settlement (BIS) adopts a cautious line in advocating inflation targeting for poor African countries, which may lack the "preconditions" for the regime.
SARB Bank Supervision Annual Report 2005
According to the South African Reserve Bank's Bank Supervision Department Annual report 2005, during 2005, the South African banking system remained stable, and, in general, banks were sound and continued to benefit from South Africa's economic health.
SARB's Guma on the SA economy
In a speech given on 4 July X.P. Guma of the South African Reserve Bank said continued brisk expansion in final consumption expenditure by households has been underpinned by a steady increase in household disposable income.
Mboweni on the outlook for South Africa's economy
In the speech 'The outlook for the South African Economy in a period of uncertainty' given on 27 June Tito Mboweni of the South Africa Reserve Bank said that despite the recent turbulence in international markets, the SARB is of the view that growth…
Former SARB deputy governor to advise Mboweni
The Reserve Bank of South Africa said Monday 3 July that governor Tito Mboweni has appointed former deputy governor Xolile Guma as his special adviser.
Comment: Talking points in June
June has been a particularly eventful one for many emerging markets, with talk of increase risk aversion and reduced international liquidity driving a reversal of market sentiment towards emerging market currencies. The month also saw some important…
SARB's Quarterly Bulletin, June 2006
The South African Reserve Bank published its June 2006 Quarterly Bulletin on 22 June. According to the latest Bulletin, the fortunes of exporters of oil and other commodities continued to be bolstered by buoyant prices fetched by these products in the…
Comment: Uganda eyes inflation target
The Bank of Uganda will implement an inflation-targetting framework in the near future, the governor of the central bank, Emmanuel Tumusiime-Mutebile, told CentralBankNews.com. Only a lack of adequate and timely data is holding it back.
Comment: Testing times for the SARB
After almost three years of stable economic conditions, the South African Reserve Bank faces a new challenge. Widely applauded for its sound management of the economy, the central bank now has to show that it can the do the job when the external…
Comment: In defence of inflation targeting
Writing in the Financial Times this week, Wolfgang Munchau suggests that the "end of inflation targeting is in sight". Munchau points to the shortcomings of the Swedish inflation targeting regime, and draws universal lessons from it. A number of…
Plenderleith to be named Sanlam director - report
According to a report, the South African life assurance and financial services giant Sanlam has proposed making former South African Reserve Bank (SARB) deputy governor Ian Plenderleith an independent non-executive director.
Comment: Emerging market jitters
Emerging markets equities, bonds and currencies have been under severe pressure over the last two weeks. The turning tide will leave a number of central banks uncomfortable, particularly as the favourable conditions of the last 2 and 3 years has actually…
Macroeconomic policy challenges conference, Oct 06
The South African Reserve Bank invites you to attend its conference on Macroeconomic Policy Challenges for South Africa to be held from 22 - 24 October 2006.
SARB Monetary Policy Review, May 2006
The South African Reserve Bank published its Monetary Policy Review for May 2006 on Thursday 11 May. Forecasts suggest that the inflation outlook has improved significantly, and there is evidence that inflation expectations and wage settlements are…