The president in his final question-and-answer session for 2023 on Thursday, said the Sout African Reserve Bank considers several factors when it decides to increase interest rates to quell inflation.
CAPE TOWN - President Cyril Ramaphosa said growth and unemployment couldn’t simply be addressed by the South African Reserve Bank being "accommodative" in its monetary policy.
Ramaphosa’s last question-and-answer session for the year saw him being grilled on issues affecting the economy, like the recent interest rate hikes by Sarb. “South Africa faces a structural growth and unemployment problem, which cannot simply be addressed by a mere accommodative monetary policy stance.”
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