EDITORIAL: Bank’s shift on growth needs a moderate rates response
23 March 2022 - 05:00
When the Reserve Bank’s monetary policy committee last decided on interest rates, it was four weeks before Russia’s invasion of Ukraine upended the outlook for global inflation and economic growth.
Already, governor Lesetja Kganyago was warning that the outlook had worsened somewhat and that SA’s economic recovery would likely slow down and be subject to “various risks”. ..
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