Developed world must look south for inflation lessons, says Lesetja Kganyago
Reserve Bank governor says central banks in emerging economies have ample experience dealing with sustained price pressures
02 March 2023 - 16:26
UPDATED 02 March 2023 - 22:50
Reserve Bank governor Lesetja Kganyago says advanced economies would do well to look to the south for lessons as central bankers around the word grapple with high inflation and debt costs.
In an article published in the March edition of the IMF’s Finance & Development magazine, Kganyago said emerging markets such as SA had for some time been dealing with inflation drifting above targets, unlike developed countries whose monetary policy and public dialogue about economic policy had for decades centred on zero interest rates and low inflation...
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