Reserve Bank’s Loewald says money printing is not the answer to Covid-19 induced slump

Pulling out all the stops to offset the effects of the Covid-19 may do more harm than good, says Chris Loewald, head of the Reserve Bank's economic research department.

In defence of the current policy stance, Loewald, who is a member of the Bank's monetary policy committee, said calls for quantitative easing as a response to a potential depression caused by Covid-19 and the national lockdown would mean jettisoning the same policies that have given SA the space to respond to the crisis.

That's what the tripatite want in situations like these.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Reserve Bank’s Loewald says money printing is not the answer to Covid-19 induced slumpQuantitative easing would mean jettisoning the same policies that have given SA the space to respond to the crisis, says Bank economic research department chief Let Us Give Your Business That Professional Look You've Always Wanted 🔥💯🤷‍♂️ ❗❗Shlabane Graphics Special❗❗ Business Logo: R400 Business Letterhead: R200 Business Card:R130 Whatsapp: 0670551759 Email:Toptalent951gmail.com What if the ANC paid back the trillions that they allowed to be stolen and squandered on their watch, would my dear fellow citizens even need to be begging for government food parcels? ANCisalegacyofapartheid lockdownSA No shit
Source: BDliveSA - 🏆 12. / 63 Read more »

Level 3 lockdown: No change to shipping movement directives, says MbalulaThere will be no changes to the Covid-19 directives regulating the movement of ships when South Africa moves to Covid-19 level 3 regulations on June 1 The ocean is full of Japan and china ships fishing emtying the ocean, those people throw nothing back that they catch in their nets
Source: IOL - 🏆 46. / 51 Read more »

Gauteng nurses say they did not take an oath to die - The Mail & GuardianWith more resources than other provinces, health workers in Gauteng still say they do not have enough protective equipment to ensure safety when working with Covid-19 patients
Source: mailandguardian - 🏆 2. / 92 Read more »

Ekurhuleni mayor tests negative for Covid-19 after food bank visitIn a statement, his office said he was tested even though he experienced no symptoms.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

COVID-19 in SA: Death toll rises to 611Thirty-four more people died from COVID-19, bringing the death toll to 611. 😏 but still HOTSPOTS provinces must move to LEVEL3 like other provinces.:..CyrilRamaphosa PresidencyZA DrZweliMkhize and you’re watching. STAY HOME KEEP THE VIRUS OUT 🇿🇦🇿🇼✌🏾🤞🏾✌🏾 😲😲
Source: eNCA - 🏆 49. / 51 Read more »

'If they die, they die alone,' says heartbroken Cape Town nurseTo date, six front-line hospital workers have died in the Western Cape from Covid-19. 💔 So sorry Mam. Those people are idiots. Majority of SA knows what u are going through and owe u our utmost gratitude.
Source: TimesLIVE - 🏆 28. / 59 Read more »