Sarb’s mandate will not change, president Ramaphosa says


Cyril Ramaphosa

Cyril Ramaphosa

The president of South Africa has reiterated his support for the independence of the country’s central bank, clarifying statements made in the leading party’s latest manifesto.

On January 12, the African National Congress published its manifesto for 2019, in which it said the South African Reserve Bank (Sarb) “must pursue a flexible policy regime aligned with the objectives of the second phase of the transition”.

“Without sacrificing price stability, monetary policy must take into account

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