SA’s fiscal picture has ‘deteriorated sharply’, Reserve Bank says
The Bank underscored the effect that deteriorating state finances, and policy uncertainty, are having on the ability of monetary policy to support growth
01 October 2019 - 18:29
The SA Reserve Bank highlighted the country’s deteriorating fiscal circumstances, thanks largely to bailouts for ailing parastatals, as one of the main risks to the economy, in its latest monetary policy review released on Tuesday
This, as well as risks posed by the slowdown in global trade and the possibility of a global recession, could worsen an “already difficult domestic growth situation”, the Bank said...
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