Given the weak economy, our model suggests we might have room to cut rates over the next year or so. While the SARB recognises the role that macroeconomic policy has to play in the economy, the primary contribution monetary policy can make to growth is smoothing output fluctuations over the business cycle. The current challenges constraining economic growth are primarily structural in nature.
The pillars of an effective cyber security strategy In today’s world, central banks, regulators and supervisors face the formidable challenge of ensuring that the technological revolution does not undermine trust and confidence in the financial system.