Head Topics

SA's economic recovery likely to be 'slow and difficult', Reserve Bank says

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

South Africa Headlines News

Speaking days after the central bank kept its main lending rate at 3.5%, after steep cuts earlier in the year, Tshazibana said the bank still had policy space but there were a number of risks looming over the medium-term.

South Africa's economic recovery from the coronavirus crisis is likely to be"slow and difficult", deputy central bank governor Fundi Tshazibana said on Monday.

One potential risk the central bank would monitor was volatility after recent credit rating downgrades, she said. Fitch and Moody's lowered South Africa's sovereign ratings deeper into sub-investment grade on Friday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in ZA

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.