Sarb should leave monetary policy alone – IMF
South Africa’s current monetary policy stance is bringing inflation under control, says fund mission
The International Monetary Fund has advised the South African Reserve Bank (Sarb) to keep interest rates on hold at its next monetary policy meeting, on May 25, a recent statement from the fund said.
On the conclusion of its latest Article IV consultation, an IMF team led by Paolo Mauro said the current stance of monetary policy would allow for headline inflation to fall below 6% later this year.
“In line with the inflation targeting framework, it would thus be appropriate for policy rates to
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