ISAAH MHLANGA: Beware of half-baked ideas on interest rates
The tools of monetary policy are, by design, limited, says the writer
The Reserve Bank's Monetary Policy Committee (MPC) decision to hike policy rates by 50 basis points to 8.25% last month received several criticisms.
Analyst Duma Gqubule asserts that the Bank's decision was irrational and was political suicide that could trigger a recession before the 2024 elections. Instead, the Turkish economy and President Recep Tayyip Erdoğan are revered by the author as role models to follow...
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