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The primary object of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic. The South African Reserve Bank, in support of its primary objective, must perform its functions independently and without fear, favour or prejudice.
The primary mandate of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth. In addition to this, the SARB has a statutory mandate to enhance and protect financial stability in South Africa.
The primary object of the South African Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable economic growth in the Republic. The South African Reserve Bank, in support of its primary objective, must perform its functions independently and without fear, favour or prejudice.
Monetary policy in South Africa aims to achieve and maintain price stability in the interest of balanced and sustainable economic growth and transmits to the economy through different channels. Consider a scenario where the central bank raises the interest rate.
The SARB compiles high-quality economic and financial statistics based on international best practice for use by policymakers, financial market participants and the general public. These statistics inform the SARB’s monetary policy decisions and are regularly updated.
The South African Reserve Bank produces a variety of publications which deals with monetary policy, financial stability, prudential regulation, economic and financial issues, macroeconomic statistics, financial markets matters, bank operations and other matters.
The South African Reserve Bank (SARB) is the oldest central bank in Africa. It was established in 1921 as a result of unusual financial and monetary conditions stemming from World War I (1914–1918).
You can also contact us by email or post, or by submitting a query via the online query form. Telephone: +27 12 313 3911 / +27 86 112 7272. Postal address: P O Box 427, Pretoria, 0001.
Contact Contact. To contact us, click here Telephone: 0861 127 272 370 Helen Joseph Street, Pretoria, 0002. P O Box 427, Pretoria, 0001
Issued by Lesetja Kganyago, Governor of the South African Reserve Bank. Published on 19 September 2024. As we move towards the end of the year, global inflation is slowing and nearing targets. Given these gains, major central banks have lowered rates.