9.1 It bears repeating the fact that the South African Reserve Bank (the Bank) has been given a target for inflation: it has not been given a target for the exchange rate. Of course, the Bank cannot disregard the exchange rate because the exchange rate can exercise considerable influence on developments in inflation.
While the share of Asian bond investment has risen a little over that period, the share of investment in Asian equities has been largely steady. Both remain at well below 10 per cent of total portfolio investment in offshore markets. There would appear to be significant scope for further financial integration with the region.