{"id":8567,"date":"2012-03-05T02:53:53","date_gmt":"2012-03-05T00:53:53","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/s-africas-anc-mulls-wider-central-bank-mandate\/"},"modified":"2012-03-05T02:53:53","modified_gmt":"2012-03-05T00:53:53","slug":"s-africas-anc-mulls-wider-central-bank-mandate","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africas-anc-mulls-wider-central-bank-mandate\/","title":{"rendered":"S.Africa&#8217;s ANC mulls wider central bank mandate"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* ANC contemplates constitutional changes &#8211; report<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Reserve bank mandate &#8220;narrow,&#8221; may require review<\/p>\n<p><span><\/span><\/p>\n<p>* Reserve Bank should weaken rand exchange rate<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, March 4 (Reuters) &#8211; The ruling African<br \/>\nNational Congress (ANC) is mulling reforms to South Africa&#8217;s<br \/>\nconstitution which would include changing the central bank&#8217;s<br \/>\npowers and price stability mandate, a local paper reported on<br \/>\nSunday.<\/p>\n<p><span><\/span><\/p>\n<p>City Press newspaper quoted the ANC as saying elements of<br \/>\nthe constitution that may require review included the &#8220;narrow<br \/>\nmandate of the Reserve Bank or the relationship between and<br \/>\npowers of the different spheres of government&#8221;.<\/p>\n<p><span><\/span><\/p>\n<p>The government set the bank&#8217;s monetary policy goal as<br \/>\ncontaining inflation, which the bank does with a flexible<br \/>\ninflation targeting strategy, aiming for a 3 to 6 percent<br \/>\ninflation rate since 2000.<\/p>\n<p><span><\/span><\/p>\n<p>The South African Reserve Bank is perceived to be<br \/>\nindependent of government even as it regularly consults with the<br \/>\nfinance ministry. Its ultimate accountability is to parliament.<\/p>\n<p><span><\/span><\/p>\n<p>Inflation breached the bank&#8217;s target in November and stood<br \/>\nat 6.3 percent in January partly on the rising cost of imports<br \/>\ninto South Africa.<\/p>\n<p><span><\/span><\/p>\n<p>The Reserve Bank sees inflation returning back within the<br \/>\nband only in the first quarter of 2013.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* ANC contemplates constitutional changes &#8211; report * Reserve bank mandate &#8220;narrow,&#8221; may require review * Reserve Bank should weaken rand exchange rate JOHANNESBURG, March 4 (Reuters) &#8211; The ruling African National Congress (ANC) is mulling reforms to South Africa&#8217;s constitution which would include changing the central bank&#8217;s powers and price stability mandate, a local [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-8567","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=8567"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8567\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}