Cape Town. 100219. South Africa is coming out of its first recession in almost two decades reasonably rapidly, says Reserve Bank Governor Gill Marcus. Marcus also said monetary policy remains directed towards containing inflation. The central bank has cut rates by 500 basis points since December 2008, and left the repo rate flat at 7,0% at its last four meetings. Picture Mxolisi Madela
Published Oct 31, 2014
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Pretoria - The US Federal Reserve needs to consider the effects of its policies on developing economies, said South Africa's out-going central bank governor Gill Marcus on Friday.
“In the end, the Fed will take decisions about what is in the best interests of the United States,” Marcus told a conference of global central bankers in Pretoria.
“But it cannot ignore the fact that it has an impact on emerging markets.” - Reuters
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