To give effect to these constitutional imperatives, the Bank has been mandated by government to maintain low inflation within an inflation targeting framework. This framework is a means to achieve the objective. It is not an end in itself. 2  BIS Review 61/2010  We note the current debates around the appropriateness of our mandate and questions about how that mandate is executed.
The SARB has indicated its willingness to openly engage various stakeholders to both explain its approach and to explore with them any ideas they may bring forward. Governor Marcus has identified improved communication and stakeholder engagement as a priority, and has underlined this by creating dedicated capacity in her office for stakeholder engagement and outreach.