Now is not the time to experiment with monetary policy, says Lesetja Kganyago
The Reserve Bank governor says it will continue to play a supportive role, but SA’s economic growth cannot be left to the Bank alone
31 July 2020 - 13:36
Reserve Bank governor Lesetja Kganyago has dismissed calls for it to shake-up monetary policy to deal with the economic fallout from the Covid-19 pandemic.
Policymakers are ready to support SA’s economy as required but this is not the time to “venture into policies or instruments that have proved a failure in economic history”, he said at the Bank’s AGM on Friday...
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