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South Africa is testing central bank digital currencies tynmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tynmagazine.com Daily Mail and Mail on Sunday newspapers.
Allan Baxter Deputy Reserve Bank Governor says it is fortunate that inflation has remained under control. SA could achieve 2019 GDP levels by 2023, according to the Reserve Bank. South Africa is fortunate that it did not have an inflationary problem as it entered into the Covid-19 crisis, and one of the good stories to come out of the pandemic is that inflation remained under control, said deputy Reserve Bank governor Rashad Cassim. Cassim was speaking during a panel discussion hosted by Allan Gray on the state of the economy. Sharing views on inflation – which according to the December print of 3.1% is the lowest level in 16 years – Cassim said there could be various reasons for the decline, including the credibility of monetary policy and the even declining global import prices. ....
South Africa still has room to move before it looks at printing money: SARB businesstech.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstech.co.za Daily Mail and Mail on Sunday newspapers.