LUKANYO MNYANDA: SA’s affection for 4.5% target means we can relax about rates

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Irrespective of what happens elsewhere we can reasonably expect the economy to remain supported by historically low interest rates

The last time the US Federal Reserve made hawkish noises about inflation and economic prospects it quickly changed its mind, sparking debate about what motivated the dramatic reversal.

Was it then-president Donald Trump’s outbursts, or markets that had got addicted to a diet of ultra-loose monetary policy?..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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