Reserve Bank 'not populated by inflation nutters'

Johannesburg - South African monetary policy is still accommodative, although it is constrained by the fact that inflation has remained close to or above the target band, according to SA Reserve Bank (Sarb) governor Lesetja Kganyago.

He spoke at the Federation of Unions of South Africa (Fedusa) collective bargaining conference 2015 in Muldersdrift.

"Monetary policy is still accommodative and supportive of South Africa’s economic objectives," he said.