At the Swaziland Economic Conference (SEC 2017), the governor of the
Central Bank of Swaziland, Majozi Sithole, said that the apex bank had been conducting research on the currency.
In the context of the peg to the South African rand, in early 2017 the
Central Bank of Swaziland raised its policy rate above South African Reserve Bank's rate.
[5]
Central Bank of Swaziland, Quarterly Report,
Central Bank of Swaziland, 2013.
Majozi Sithole has been appointed as the new Governor for the
Central Bank of Swaziland after serving for 13 years as Minister of Finance.
Last week,
Central Bank of Swaziland (CBS) Governor Martin Dlamini said future inflation prospects indicated that the downward trend in food inflation which has been the major driver to overall inflation in the country, due to its greater weight in the basket, was expected to continue in the medium term.
"The rand's strength contributed to a plunge in net foreign assets, and poses a threat to the country's exports in terms of loss of competitiveness," says the
Central Bank of Swaziland. According to the Bank's most recent quarterly report, the net value of Swaziland's foreign assets dropped by 20.2% to R2.025bn.
An additional E5 million ($1.79 million) will be provided in 1994, as well as from the
Central Bank of Swaziland, with an input of E0.5 million ($179,000).
The government and the
Central Bank of Swaziland have taken some steps to contain the fiscal deficit and counter the still high inflation.
As a measure to stimulate demand, the
Central Bank of Swaziland has, this week, reduced its discount rate by half a percent.
