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Robust Rebound Wonât Augur End to Stimulus: Central Bank Guide
This content was published on April 19, 2021 - 23:01
April 19, 2021 - 23:01
(Bloomberg)
The aggressive rebound in global economic growth still isnât enough for most of the worldâs central banks to pull back on their emergency stimulus.
In Bloombergâs quarterly review of monetary policy covering 90% of the world economy, the Federal Reserve, European Central Bank and Bank of Japan are among the 16 institutions set to hold interest rates this year.
The outlook suggests officials still want to guarantee the recovery from last yearâs coronavirus recession by maintaining ultra-low borrowing costs and asset-buying programs. That may require them to accept any accompanying bounce in inflation.
(Bloomberg) South Africa’s economy contracted the most in a century in 2020 as restrictions to curb the spread of the coronavirus pandemic ravaged output and disrupted trade.
Gross domestic product shrank 7%, compared with a 0.