South Africa’s prime lending rate stands at 11.75%. Photo: Dean Hutton/Bloomberg/Getty Images
The latest ill-advised interest rate hike demonstrates that monetary policy is too crucial to be left to the governor and the bank’s employees alone
This content is restricted to subscribers only.
Join the M&G Community
Our commitment at the Mail & Guardian is to ensure every reader enjoys the finest experience. Join the M&G community and support us in delivering in-depth news to you consistently.
Subscribe
Subscription enables:
- - M&G community membership
- - independent journalism
- - access to all premium articles & features
- - a digital version of the weekly newspaper
- - invites to subscriber-only events
- - the opportunity to test new online features first
Already a subscriber?
Login here.