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Keeping it simple - monetary policy, growth and jobs in South Africa

· Lesetja Kganyago, Governor of the South African Reserve Bank (South Africa)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, development and emerging economies, growth, investment and productivity

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· Lesetja Kganyago Wiki · South African Reserve Bank WikiKeeping it simple - monetary policy, growth and jobs in South Africa

ContextPublic lecture by Lesetja Kganyago, Governor of the South African Reserve Bank, at the Wits School of Governance, Johannesburg, 1 November 2022.

Why it mattersKganyago argues for simple monetary policy focused on inflation.

Problems raised
  1. South Africa needs growth and jobs.
  2. Inflation undermines stability.
  3. Monetary policy is misunderstood.
Solutions proposed
  1. Keep monetary policy simple.
  2. Focus on inflation targeting.
  3. Support growth through stability.
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