The Reserve Bank, often accused of being overly conservative, has been rather active since the outbreak of Covid-19. But as always, the question is whether it has done enough, and it’s often subject to unfavourable comparisons with what its peers elsewhere have done.

Its defenders will point to the fact that through an unprecedented quantitative easing programme and various other measures to inject liquidity and facilitate lending in the economy, it has injected about R300bn already...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now