South African Reserve Bank Governor Gill Marcus says emerging markets will be faced with a difficult year ahead due to global economic contractions. [Read more…]
Policy alone cannot solve economic crisis
August 23, 2011 By 1 Comment
Policy alone cannot solve economic crisis
Pretoria – Monetary policy alone cannot solve the global economic crisis, Reserve Bank Governor Gill Marcus said on Tuesday.
The governor said that normal cyclical downturns are often reinforced by tight monetary policies in response to an overheating economy and inflationary pressures. [Read more…]
