Mboweni, Kganyago – ‘anchors’ of the economy – are ‘on the same page’

The national treasury and the Reserve Bank displayed a united front, issuing a joint statement about mutual respect, well-defined roles and working together to coordinate fiscal and monetary policy.

“It also directed the ANC government to consider constituting a task team to explore quantity easing measures to address intergovernmental debts to make funds available for developmental purposes,” Magashule said. Taking to his beloved Twitter page on Thursday evening, Mboweni said that he and Kganyago “stand firmly together in support of the banking and financial stability in South Africa”.The statement described the meeting as “routine” and added that the “effective coordination of fiscal and monetary policy is a central pillar of good macroeconomic management and policy certainty”.

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