Ben S Bernanke: A perspective on inflation targeting Speech by Mr Ben S Bernanke, Member of the Board of Governors of the US Federal Reserve System, at the Annual Washington Policy Conference of the National Association of Business Economists, Washington, DC, 25 March 2003.The references for the speech can be found on the website of the Board of Governors of the US Federal Reserve System.
Conclusion The South African experience ratifies the international experience that monetary policy should primarily be aimed at financial objectives and should at all times be used to promote overall financial stability. This is the best contribution monetary policy can make to the promotion of economic growth and development in the interest of all the people of the country.