South African governor warns against QE

Lesetja Kganyago
Lesetja Kganyago
Lucy Stewart

The South African Reserve Bank’s governor again said the country should not yet adopt quantitative easing policies, despite several government figures calling for them.

Lesetja Kganyago said in a speech on August 12 that in South Africa there was “a surprising amount of interest in QE”. The Sarb’s independence, policies and mandate are all at the centre of a controversy among politicians in the ruling African National Congress.

Several prominent ANC figures have advocated QE policies, with

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