As politians battle it out over SARB, Kganyago tells global leaders that central banks should have a ...

businessinsider.co.za

- businessinsider.co.za | 5 months ago

The broader the mandate of a central bank, the harder it is to keep accountable, Reserve Bank governor Lesetja Kganyago told a press conference in Washington.

And the trend is towards more independence for central banks, he said. The ANC has promised voters flexible monetary policy (that's already in place), the DA is warning against populism in the central bank's mandate, and the EFF is preemptively taking credit for the nationalisation of the Reserve Bank.

The trend is towards more independent central banks, Reserve Bank governor Lesetja Kganyago says – and keeping an independent central bank accountable is easier when it has a narrow mandate.

read full story @businessinsider.co.za