We want to see a competitive and stable exchange rate, nothing more, nothing less.
"Tito Titus Mboweni" was the eighth Governor of the South African Reserve Bank and the first black South African to hold the post. He succeeded Christian Lodewyk Stals/Dr. Chris Stals on 8 August 1999 and was succeeded by Gill Marcus who replaced him as Governor on 9 November 2009. He is currently a founder member of Mboweni Brothers Investment Holdings and international advisor of Goldman Sachs/Goldman Sachs International.
More Tito Mboweni on Wikipedia.There is a danger that if debt servicing costs increase, many households will find themselves in a bit of difficulty. And they might.
Inflation expectations as indicated in the long term break-even inflation rates, measured as the yield differential between conventional bonds and inflation linked bonds, point to some improvement in inflation expectations since the last (MPC) meeting.
In terms of the technical work done, preliminary indications are that potential output growth will be around 4.5 percent.
It is my responsibility to vote. We have to fulfil this responsibility.
The higher food price inflation is evident in production prices. Along with higher maize prices (these) also point to a possible acceleration in retail food price inflation going forward.
It's not passé. A number of central banks have been given inflation targets by their governments and I think that's appropriate because governments are elected and must explain their choices to the electorate.
It's important for businesses to have this kind of layer of senior managers in terms of succession planning, so you don't have to scuttle around looking for replacements.
There is no particular convention. If we need to move by 25 basis points we will; if we need to move by 200 basis points we will do so.
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