The role of the SARB in the economy The Constitution mandates the SARB to protect the value of the currency in the interest of balanced and sustainable economic growth. We strive to achieve this objective within a flexible inflation targeting framework as it is widely believed that price stability is a necessary pre-condition for balanced and sustainable growth.
In this situation, it is clear that protectionist policies will not benefit any economy, regardless of whether it adopts such policies. Therefore, while a brake is expected to be put on excessive protectionist moves at some point, it is essential to continue global discussion to ensure this and to make sure that protectionist moves will not create instability in financial markets and firms' sentiment.