ISAAH MHLANGA: With monetary stability achieved, it’s up to Treasury to ensure growth
With more inflation and hikes unlikely, managing risks will be crucial
22 September 2023 - 05:00
The SA Reserve Bank has kept the policy repurchase rate unchanged at 8.25%, but highlighted high upside risks to inflation. The list of risks includes weakness in the exchange rates and food and energy prices.
In the absence of any global shocks monetary policy rates have peaked, but the Bank will not be in a hurry to cut rates due to the rise in the risk premium driven by the fiscal deterioration...
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