SARB’s new broom Mampho Modise unlikely to sweep out MPC hawks
Too early for Mampho Modise to have big impact on monetary police, economists say
24 March 2024 - 06:15
As the South African Reserve Bank’s monetary policy committee (MPC) prepares to meet this week to decide on interest rates, economists expect the Bank’s newest deputy governor, Mampho Modise, will stick with the committee’s hawkish outlook.
The MPC meeting on Wednesday will be its first since President Cyril Ramaphosa announced that governor Lesetja Kganyago will serve another term and that Modise, deputy director-general for public finance at the National Treasury, was being appointed deputy governor...
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