Address by Mr. Daniel Mminele, Deputy Governor of the South African Reserve Bank (SARB), at the European Economics & Financial Centre (EEFC), Palace of Westminster, London, 12 January 2016
Last Modified Date:
2023-11-14, 11:35 AM
Speeches > Speeches by Governors
Your Excellencies, distinguished guests, ladies and gentlemen.
Thank you to Professor Scobie and the Board of the EEFC, and I am truly humbled
by the invitation to participate in the Distinguished Speakers Seminar Programme.
Let me start by thanking the European Economics and Financial Centre for the good work they are doing in seeking to forge closer links between theorists and
practitioners in economics and finance. I guess when it comes to monetary policy,
that’s where the art and the science meet. Your work reminds me of the quote that is attributed to Yogi Berra that “In theory there is no difference between theory and
practice, in practice there is.” The practice of monetary policy has been undergoing
significant changes, and it will be interesting to see how much of all that ends up
being embodied in the theory.