MAMOKETE LIJANE: The Reserve Bank has a tempting pot of money
Use of the gold and foreign exchange contingency reserve account would ‘pierce the veil’
There has been much debate over fiscal-monetary policy co-ordination and collaboration in SA, amid suggestions that a more activist use of the Reserve Bank’s balance sheet is appropriate to support an economy that for many years has been growing slower than desired.
The debate reached fever pitch during Covid-19, when some would have liked the Bank to use a more “non-conventional” monetary policy to cushion the economy from the shock...
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