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Monetary policy and inequality - the post-pandemic experience

· 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, labour markets and jobs

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· Lesetja Kganyago Wiki · South African Reserve Bank WikiMonetary policy and inequality - the post-pandemic experience

ContextGuest lecture by Lesetja Kganyago, Governor of the South African Reserve Bank, at the University of the Free State, Faculty of Economic and Management Sciences, Bloemfontein, 15 August 2024.

Why it mattersSouth Africa's governor argues that low inflation protects the poor.

Problems raised
  1. Post-pandemic shocks raised inequality.
  2. Employment recovery is weaker than it looks.
  3. Inflation hurts the poor.
Solutions proposed
  1. Keep inflation low to protect the poor.
  2. Explain monetary policy's link to inequality.
  3. Avoid policies that create inflation.
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