Reserve Bank to maintain accommodative monetary policy
Bank warns that tolerating higher inflation will weaken economy over the longer term
25 June 2019 - 10:51
The Reserve Bank said on Tuesday that SA’s monetary policy stance remains broadly accommodative, and tolerating higher inflation will do little to boost economic prospects in the long term.
Economic problems remain structural, and monetary policy cannot be controlled in the same way as inflation in the longer term, the Bank said in its annual report. ..
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