I wish to thank the Presidents of our country who appointed me in 1975 as Deputy Governor, in 1980 as Senior Deputy Governor and then on two occasions in 1989 and again in 1994 as Governor of the South African Reserve Bank.
Asia definitely needs the right policy mix to secure growth and contain risks. Past experience taught us the importance of authorities to take decisive and credible policy actions to safeguard macroeconomic and financial stability. “Stability over growth” policy direction following May 2013 the Federal Reserve’s move is an interesting example.