EDITORIAL: The Reserve Bank has the room to cut rates — and it should use it
Given SA’s dire economic situation, the Bank should err on the side of doing too much
22 July 2020 - 05:10
In some ways, the choice facing the Reserve Bank seems simple enough — and that would have been supported by data on Tuesday reinforcing how dire the country’s economic position is.
The Bank’s leading indicator has been on such a long downward trend that is has stopped being newsworthy. If anything, it highlights that SA’s economic decline long preceded the Covid-19 pandemic...
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