Daniel Mminele: Recent developments in international and domestic financial markets and their implications

Remarks by Mr Daniel Mminele, Deputy Governor of the South African Reserve Bank, at the annual Financial Markets Department cocktail function, Pretoria, 4 April 2017.

Good evening, ladies and gentlemen.

It is once again that time of the year when we welcome you all to the annual cocktail function of the Financial Markets Department of the South African Reserve Bank (SARB). Thank you for accepting our invitation and joining us tonight.

Introduction

As you are aware, the main idea behind this function is to create a networking opportunity between SARB staff members and other market participants in order to facilitate an exchange of views on financial market developments in a more relaxed environment. This annual event also provides an opportunity for us as the central bank to convey our appreciation for the cooperation we have been receiving from market participants over the past year, both in the execution of open market operations and when we conduct financial markets research to enhance our understanding of market dynamics. These interactions are crucial for our role in the financial markets as we seek to give effect to the monetary policy stance which underpins the execution of our price stability mandate.