SA Reserve Bank helped curb runaway prices, helping vulnerable South Africans, says IMF boss

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SA Reserve Bank Governor Lesetja Kganyago.
SA Reserve Bank Governor Lesetja Kganyago.
Gallo Images/Ziyaad Douglas

Pursuing price stability - in other words, avoiding significant inflation or deflation - has been a key factor driving the South African Reserve Bank's successes in monetary and financial sector policy. 

This is according to the International Monetary Fund's managing director, Kristalina Georgieva.

The Reserve Bank on Wednesday celebrated its centenary virtually. A video message from Georgieva and former reserve bank governors Dr Chris Stals and Gill Marcus was broadcast.

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