LETTER: Reserve Bank can stimulate economy in many ways
Anyone who has read the Bank’s quarterly reports would see that deep research is done into the functioning of the economy as a whole
I have no desire to flout President Cyril Ramaphosa’s request that the debate over the independence of the SA Reserve Bank cease, but I think a narrow definition of the function of the Bank is not helpful and I have some insights that may be useful.
In 1998, the finance committee in parliament was concerned about the same issue and set up a multiparty group I chaired to investigate this issue. We travelled to Chile, Mexico and Sweden, where we met the deputy governor in each case and discussed the role of their bank.