South African Reserve Bank (Sarb)
Number of central bankers on the rise
Central banks increase staff, reversing decade-long downsizing trend
Sarb, investors draw a line under dispute
South African Reserve Bank's first ordinary general meeting under amended law passes without shareholder dissent; governor Gill Marcus says outreach to shareholders will be expanded
Zimbabwe to axe 74% of staff: reports
Reserve Bank of Zimbabwe governor Gideon Gono says central bank will axe 1,600 jobs as part of measure to downsize institution, according to leading media
Sarb refutes faulty rand note claims
South African Reserve Bank says it has full confidence in currency after media reports of flawed batches of R100 notes; issue surfaces ahead of first general meeting under new central bank law
Sarb’s Mminele on payment system reform
South African Reserve Bank deputy governor Daniel Mminele says international payment system should receive special attention
Sarb makes fresh bid to revive output
South Africa Reserve Bank cuts rates by 50 basis points in bid to boost output; analyst says policy subscribed will have little impact on supply side
Rate round-up: Canada, Peru hike as Sarb cuts
Canada hikes rates while South Africa cuts on rising rand; continued uncertainty in global economy prompts Korea, Japan and Australia to keep rates steady
Rand volatility a by-product of open economy: Sarb’s Mminele
South African Reserve Bank deputy governor Daniel Mminele says currency fluctuations are to be expected; stresses opposition to fixed exchange rate, dropping inflation targeting
Interview: Gill Marcus
The governor of the South African Reserve Bank talks to Ramya Jaidev about some of the challenges central bankers are facing both in South Africa and around the world.
Sarb bill passes in parliament’s lower house
South Africa’s National Assembly approves package of amendments edifying central bank law against shareholder machinations
South Africa in fresh attempt to curb rand volatility
Ruling African National Congress will consider short-term capital inflows tax to curb rand volatility, currency’s strength; party questions merits of Sarb’s hard-won inflation targeting regime
Sarb trumps investors in fight to amend law
South African parliamentary committee approves amendments proposed by central bank to protect it from shareholder attack; bill now expected to be signed into law
South Africa’s Gordhan stands up for inflation targeting, flexible rand policies
South African finance minister defends central bank’s key frameworks, lauding benefits to credibility and stability
Governors gloomy on outlook for pan-African currency
South African, Nigerian and Ghanaian central bank governors say path to regional and continent-wide single currency littered with obstacles; single currency will not correct underlying problems
Interview: Gill Marcus
The governor of the South African Reserve Bank tells CentralBanking.com why reforms can’t be rushed and discusses the role of central banks within society
EXCLUSIVE: Finger-pointing masks officials’ failures, says Sarb’s Marcus
South African Reserve Bank governor Gill Marcus says knee-jerk reforms ignore failure of policymakers to raise standards before crisis; sober, measured approach to reform only credible way forward
Surveying inflation credibility
Jannie Rossouw, Vishnu Padayachee and Fanie Joubert compare the methodologies of inflation credibility surveys conducted in New Zealand, South Africa and Sweden
All eyes on the rand
Inflation is on target, but the exchange rate still dominates economic debate, writes Malan Rietveld.
Building inflation credibility
Jannie Rossouw, of the South African Reserve Bank, presents his method for determining the credibility of a central bank’s inflation targets.