LUKANYO MNYANDA: David Masondo’s Reserve Bank faux pas comes at a bad time
Events in the US and Turkey show why comments on the level of SA’s interest rates are misguided
08 July 2019 - 05:05
The US yield curve has been behaving in a way that usually worries economists.
An inverted yield curve, a phenomenon in which rates on bonds with longer maturities drop below those on securities with earlier maturity dates, is often a harbinger for an economic slowdown and, more often than not, a recession.
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