Address by Mr Daniel Mminele, Deputy Governor of the South African Reserve Bank, at the J P Morgan Investor Seminar, at the IMF/World Bank Group Spring Meetings, Washington, 19 April 2015
Last Modified Date:
2023-11-13, 10:34 AM
Speeches > Speeches by Governors
Let me start by thanking J P Morgan for the opportunity to share some thoughts on
South Africa’s monetary policy outlook.
As you are aware, heightened uncertainty is one of the defining characteristics of the monetary policy environment in many emerging-market economies (EMEs).
However, while uncertainty is at the heart of monetary policy formulation, it is the
escalation in the level of uncertainty that presents the major challenge for monetary policy formulation in many countries in the current environment.