Lesetja Kganyago stands by Reserve Bank’s Covid-19 response

Lesetja Kganyago stands by Reserve Bank’s Covid-19 response

2020-08-11 12:50:00 AM

Lesetja Kganyago stands by Reserve Bank’s Covid-19 response

The governor says the central bank has room to respond if inflation is persistently under target

10 August 2020 - 21:48Staff WriterSA Reserve Bank (SARB) governor Lesetja Kganyago has defended the Bank’s response to the coronavirus-induced economic downturn, describing it as “aggressive”.In an interview with the Financial Times, the governor challenged “anybody who’d dare say that the Bank has not done enough, and I would say by what measure — because when you see the measures that the SARB has taken, we can compare it to our peers.” The bank “has room to respond” if inflation is persistently under target, he said.

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