Let’s have a constructive debate on the role of the Reserve Bank

Abstract

The Reserve Bank has ensured that South Africa has not had a general banking crisis in 100 years – but that impressive achievement should not insulate it from debate on what its role in the economy and society needs to be. Today, as coronavirus and climate change add to problems of inequality and limited development, Prof Vishnu Padayachee argues this debate is too important to be left to central bankers and economists alone.