I do not want to influence the Reserve Bank, says Masondo
Tito Mboweni and Lesetja Kganyago respond, saying the National Treasury has always respected the Bank’s independence
Deputy finance minister David Masondo said in parliament on Thursday that his recent comments on monetary policy were in no way an attempt to influence the Reserve Bank, the independence of which is guaranteed by the constitution.
Neither were his comments, made in an interview with Business Day, an attempt to usurp the powers and responsibilities of the Bank. In that interview, Masondo questioned the monetary policy stance adopted over the past few years by the Bank...