Monetary policy needs a break

Reserve Bank governor Tito Mboweni has been systematic, almost brutal, in dealing with the surge in CPIX inflation above the target range. Over the past year and a half he has raised interest rates consistently, offering little promise of a relaxation in monetary policy in the medium term.

http://free.financialmail.co.za/07/1207/front/aedop.htm

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Filed under Commentary, Economics, South African Government, Uncategorized

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