Sarb’s Mminele fears a ‘lengthening drought’ in emerging market capital flows

Daniel Mminele

Emerging market economies must maintain a state of "utmost vigilance" to avoid being hit by financial and economic turbulence sparked by divergent monetary policies in the developed economies and fallout linked to China's economic growth transformation, according to Daniel Mminele, deputy governor of the South African Reserve Bank (Sarb).

Mminele warned of a possible "lengthening drought" of capital flows "rather than a stop" as a result of investors positioning themselves for an increase in

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