- 27229_mnyande[1].pdf0.16 MB
Date: 22/04/2010
Source: The South African Reserve Bank
Title: SARB: Mnyande: Presentation by the Advisor to the Governor and Chief Economist of the South African Reserve Bank, to the Ombudsman for banking services, at their Annual Report 2010 launch, Johannesburg
Thank you for the invitation to join you today to say a few words on the evergreen topic of interest rates. The level of interest rates - or more accurately the spectrum of interest rates in the South African economy - perform crucial functions in the economy, the most important being that of balancing the interest of savers with that of borrowers. This is unlike the task of the Ombudsman, which includes balancing the interest of bank clients with that of banks, and seeing that fairness and reason prevail....
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