South Africa’s fiscal and monetary policy has been “as good as it gets,” Abebe Selassie said in an interview in Washington. “It’s more on the structural side that attention is needed. It’s more about getting confidence in the private sector to invest.”
“The rand is of course among the most freely floating currencies in the emerging-market universe, subject to the ebbs and flows of sentiment,” Selassie said. “Our view is that there’s nothing awry with the calibration of macro policies.”
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