Finance deputy says ANC’s monetary policy debate misses key issue

04 July 2019 - 05:10The debate in the ANC on monetary policy has been misguided. The real issue is whether interest rates over the past few months have been set at the right level, says deputy finance minister David Masondo.

In comments that blur the traditional division between fiscal policy, which is the domain of the Treasury, and the SA Reserve Bank’s monetary policy, Masondo told Business Day that the repo rate was an effective tool, and there was no need to debate quantitative easing.

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Business Maverick: Trump Picks Two Fed Nominees Likely to Support Easier PolicyAfter a yearlong assault on the Federal Reserve and its chairman, President Donald Trump has tapped two wildly different economists to the central bank’s board who seemingly have one important thing in common. They’re both likely to support the president’s call for lower interest rates.
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