Carol Paton Editor at Large

The debate in the ANC on monetary policy has been misguided. The real issue is whether interest rates over the past few months have been set at the right level, says deputy finance minister David Masondo.

In comments that blur the traditional division between fiscal policy, which is the domain of the Treasury, and the SA Reserve Bank’s monetary policy, Masondo told Business Day that the repo rate was an effective tool, and there was no need to debate quantitative easing.

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 exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

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