Sarb says advanced economy tapering will cause ‘protracted period of volatility'

Failure of advanced economies to mesh policy normalisation will hit EMs


Emerging market economies' exchange rates and monetary policies are in for a "protracted period of volatility" thanks to advanced economies failing to synchronise their monetary policy normalisation, according to the South African Reserve Bank's (Sarb) latest monetary policy review, published yesterday.

The review points out that the bank is in a "tightening interest rate cycle" due to inflation pressures – "mainly driven by food and exchange rate considerations" – and the prospects of higher

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