Covid-19 Business Watch
WATCH: The week in review
Michael Avery talks to a panel about the SA Reserve Bank and its role in SA's economy
23 April 2021 - 15:38
In a Business Day webinar on Thursday in the build-up to celebrating the 100th anniversary of the SA Reserve Bank, 25 years of central bank independence and 21 years of inflation targeting, Reserve Bank governor Lesetja Kganyago was in fine form: he signalled that multi-decade-low interest rates were unlikely to change as inflation remained under control and the Bank nursed an economy that shrank 7% in 2020.
He also pointed a finger at the government to lower the cost of capital by reining in debt...
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