Will Godongwana get the balance right in his speech?
The spiralling cost of basic necessities has caused a crisis the world over, pushing central banks to indirectly create recessionary conditions in the global economy. To fight inflation, most central banks have taken a hawkish stance on monetary policy to bring down the costs of living by hiking interest rates at the expense of economic growth.READ: While South African consumers battle the rising cost of living, they also face interest rates at near pre-pandemic levels.
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