MAKING CENTS:
ANC targets Reserve Bank mandate, wants more flexible
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monetary policy
A review of the SA Reserve Bank mandate features in the
ANC’s election manifesto, which brushes off the push
for nationalisation, but instead drives for a more flexible
monetary policy.
At the party’s election manifesto launch in Durban on Saturday,
the ANC finally elevated the debate to possible government
policy, some years after the status of the Reserve Bank became
a contentious subject within the party.
The commitment has placed an obligation on the ANC to
implement the decision should it win the May general election.
The Reserve Bank is a public institution but it has an
independent mandate.
Echoing the delegates at the party’s 2017 Nasrec national
conference in Johannesburg, the ANC’s manifesto states the
Reserve Bank should pursue a flexible monetary policy regime,
aligned with the objectives of the party’s programmes.