HILARY JOFFE: We need the Reserve Bank's thinking, not just its decisions
19 January 2020 - 08:25
Avery long time ago, when SA's inflation targeting policy was in its infancy, I was summoned with a Business Day colleague to the office of the eighth governor of the Reserve Bank (as he likes to be styled), Tito Mboweni. We came out of the meeting with a front-page story about the governor signalling that things had changed since the previous meeting of the Bank's monetary policy committee (MPC) - which suggested the market might have it wrong about what the committee would decide at its next meeting...
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