My remarks today will focus on the South African experience and how our monetary policy is negotiating the present challenges of low growth, inflation risks, and a benign yet uncertain global environment.
This approach will see the consolidation of all prudential regulation of financial institutions within the Bank, while market conduct regulation of the financial sector will be consolidated within the Financial Services Board. In conclusion, significant advances have been made over the past 18 years in alleviating poverty in South Africa by providing essential services to the poor and through an improved social security system.