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.

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