Not the right time for quantitative easing, says Lesetja Kganyago
Reserve Bank regards its current monetary policy tools as still effective
29 May 2020 - 14:30
Quantitative easing (QE), which has been stepped up by central banks worldwide to support economies during the Covid-19 pandemic, is not an appropriate tool for SA at this stage, Reserve Bank governor Lesetja Kganyago said on Friday.
The Bank, which has cut interest rates to record lows in response to the economic shock caused by the pandemic and the ensuing lockdown, still has space to deploy its existing monetary policy tools, which have not reached the point where they have “ceased to be effective”, he said...
Would you like to comment on this article?
Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Commenting is subject to our house rules.
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now