A review of the SA Reserve Bank mandate features in the ANC’s election manifesto, which brushes off the push for nationalisation, but instead drives for a more flexible monetary policy.
At the party’s election manifesto launch in Durban on Saturday, the ANC finally elevated the debate to possible government policy, some years after the status of the Reserve Bank became a contentious subject within the party.
The commitment has placed an obligation on the ANC to implement the decision should it win the May general election.
The Reserve Bank is a public institution but it has an independent mandate.
Echoing the delegates at the party’s 2017 Nasrec national conference in Johannesburg, the ANC’s manifesto states the Reserve Bank should pursue a flexible monetary policy regime, aligned with the objectives of the party’s programmes.
This was to be done “without sacrificing the price stability, but redirecting monetary policy
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