Chris Loewald on the Monetary Policy response to the Coronavirus pandemic in South Africa: why buffers matter

Amidst the Coronavirus Pandemic and an economic downgrade, we speak to Dr Chris Loewald shortly after the Monetary Policy Review. As the Head of the Research Department at the Reserve Bank, and a member of the Monetary Policy Committee, he provides insights into how monetary policy can be used, alongside public health and fiscal policies, to protect the economy. After two quarters of slow economic growth in the South African economy, the real contractionary nature of the Coronavirus pandemic comes at a difficult time. Fortunately, with relatively low inflation, there is room for monetary policy to support our economy. By […]