Good week

Lesetja Kganyago

Reserve Bank governor wasted no time in announcing the Bank’s intention to legally challenge public protector Busisiwe Mkhwebane’s out-of-line instruction to parliament that it amend the constitution to promote socioeconomic growth instead of protecting the rand and keeping inflation down. He pointed out that by adhering to its mandate the Bank is, as rating agencies have noted, a key pillar supporting the economy, and that price stability is in fact an ally of development and the poor.