world-economy

South Africa Central Bank Appoints Makrelov to Rate-Setting Committee

The South African Reserve Bank has appointed Konstantin Makrelov to its monetary policy committee, filling a vacancy left by Chris Loewald's retirement in March. Makrelov becomes the sixth member of the interest-rate-setting body. Central banks across emerging markets are reassessing their policy frameworks, with some jurisdictions moving toward greater transparency in committee voting patterns and others debating the effectiveness of rate adjustments as inflation-fighting tools.