QE or not, South Africa’s bond buying is risky to fiscal stability

Posted in: Intellidex in the media on June 23, 2020


Quantitative easing is meant to pump money into the system, whereas what the SA Reserve Bank has done doesn’t have that objective. SARB’s objective is to shift rates — what it’s doing is consistent with monetary policy. It’s not about stimulus, says Intellidex’s Stuart Theobald. Featured on SPGlobal.com

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