Sarb governor discusses response to economic risks

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Gill Marcus, governor of the South African Reserve Bank (Sarb), delivered a speech on June 7 in which she assessed the risks facing the economy and the appropriate monetary policy response.

Marcus drew particular attention to the developing crisis in the eurozone, but also warned of the possible "fiscal cliff" in the US and growth slowdowns in India and China as posing threats to economic stability in South Africa. She also said a weakening of the rand exchange rate posed upside inflation risks

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