CMA central banks’ governors meet

THE Governors of the reserve banks of the Common Monetary Area (CMA) made up of Namibia, South Africa, Lesotho and Swaziland, met in Windhoek on Monday to discuss views on recent economic developments in their respective countries.

The one-day meeting was also aimed at enhancing common understanding of the respective economies within the CMA. The meeting noted that inflation in the CMA was currently well controlled.The meeting also touched on matters relating to the upgrading of economic statistics and closer cooperation in general between the central banks concerned was also discussed.Bank of Namibia corporate communications manager, Jerome Mutumba, said the meeting would help enhance economic understanding within the four economies of the CMA.The meeting was between BoN governor, Tom Alweendo; governor of the Reserve Bank of South Africa, Tito Mboweni; governor of the Central Bank of Swaziland Martin Dlamini; and governor of the Central Bank of Lesotho, Motlatsi Matekane.The meetings are held quarterly between the governors and rotate in different countries.The meeting noted that inflation in the CMA was currently well controlled.The meeting also touched on matters relating to the upgrading of economic statistics and closer cooperation in general between the central banks concerned was also discussed.Bank of Namibia corporate communications manager, Jerome Mutumba, said the meeting would help enhance economic understanding within the four economies of the CMA.The meeting was between BoN governor, Tom Alweendo; governor of the Reserve Bank of South Africa, Tito Mboweni; governor of the Central Bank of Swaziland Martin Dlamini; and governor of the Central Bank of Lesotho, Motlatsi Matekane.The meetings are held quarterly between the governors and rotate in different countries.