David Masondo defends foray into SA Reserve Bank territory
Economists warns that the suggestion that the Bank fund government directly could debase the rand and undermine its independence
03 May 2020 - 22:35
UPDATED 04 May 2020 - 12:07
Deputy finance minister David Masondo has defended his comments on the SA Reserve Bank that have raised eyebrows about his venturing into the realm of monetary policy considered to be the preserve of the central bank.
The Sunday Times reported Masondo as saying that the Reserve Bank should buy government bonds directly from the Treasury instead of just from the secondary market, as it has decided to do...
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