HILARY JOFFE: SA’s ‘geopolitical distance’ from the West likely to hinder foreign direct investment
It’s that time of year again when the world’s economic and financial luminaries gather in Washington DC for the spring meetings of the IMF and World Bank. Like the larger annual meetings in October, the spring meetings come with a wealth of new reports and research from the two institutions.
They also come with speeches on the sidelines, one of which was delivered at the Peterson Institute this week by Reserve Bank governor Lesetja Kganyago. His comments helped shed light on why the Bank’s monetary policy committee (MPC) surprised the markets with a higher than expected 50 basis point interest rate hike in March. They gave a flavour of the global inflation and interest rate risks he and emerging market central bankers are worrying about...
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