Growth-friendly policies should be implemented urgently
In commenting on the latest South African Reserve Bank (SARB) monetary policy review, Prof Raymond Parsons, economist from the North-West University (NWU) Business School, says it is now more urgent than ever to implement growth-friendly policies and projects.
The SARB’s comprehensive monetary policy review confirmed that both global and domestic economic trends are likely to keep borrowing costs high for longer, perhaps well into 2024.