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SA crisis eroding basic rule of monetary policy

A crippling energy crisis, a low growth environment and deteriorating fiscal metrics combined to push the rand to a record low last week.But the normal response of raising interest. ....

South Africa , South African , Andrew Matheny , Bojosi Morule , African Reserve Bank , Nedbank Group Ltd , Goldman Sachs International , Brown Brothers Harriman Co , Photo Unsplash , Goldman Sachs , South African Reserve Bank , Walter De Wet , Nedbank Group , Win Thin ,

BBCNEWS BBC News June 4, 2024 15:22:00

Pushed inflation as the only cause of inflation as opposed to demand and other monetary, money supply and other factors and other monetary, money supply and otherfactors which and other monetary, money supply and other factors which affect inflation. so this has really messed up inflation. so this has really messed up the economy. they have kept interest rates too low while inflation shot up to 80% last year and it is now because of the year on year arithmetic, and it is now because of the year on yeararithmetic, it and it is now because of the year on year arithmetic, it has come down to about 40%. but if they continue with this policy, the currency is going to come under pressure again and that will feed into inflation again and we could see inflation rising. so it is not looking good. the markets, the initial response of the markets, the initial response of the markets has been quite negative. the turkish stock exchange crashed 6% and circuit breakers have got to come in, it has ope ....

Money Supply , Affect Inflation , Interest Rates , Stock Exchange , Circuit Breakers ,

MSNBC Yasmin Vossoughian Reports June 4, 2024 18:51:00

Of course, we re always scanning for variants that are new we have areas that are new all the time. the variants are knew that causing more severe illness, we re gonna look around the world for that. if we see a variant that is more threatening, meaning, more hospitalizations, more deaths. easier to give and to get, causing more deaths and hospitalizations, absolutely. we would expect the world to be put in emergency back in the world health organization, and united states government, and i think the biden administration has made that clear. they re not dropping the monetary of this disease they re just dropping these emergency precautions, a shift as you mentioned, before we let you go, i want to ask you about a panel of fda advisers, unanimously voting to allow birth control pill to be sold over the counter, and a final decision is expected by the end of the summer how significant a decision with this be. huge milestone, especially in light of what we talked about the last prim ....

Joe Biden , United States Government , World Health Organization , Birth Control Pill , Emergency Precautions ,