Economist Urges 200-Point Rate Cut, Calls Central Bank Overly Cautious

Seeff urges SARB to consider decisive rate cut to revitalise economy

As South Africa anticipates the upcoming interest rate announcement on Thursday, the chairman of the Seeff Property Group, Samuel Seeff, has made a compelling case for the South African Reserve Bank (SARB) to implement a significant rate cut, reports Cape {town} Etc. He argues that a reduction of at least 25 to 50 basis points is not merely preferable but essential to invigorate the economy and support job creation. ‘We simply can no longer bear…

Economist Urges 200-Point Rate Cut, Calls Central Bank Overly Cautious

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://newsghana.com.gh/economist-urges-200-point-rate-cut-calls-central-bank-overly-cautious/Economist Dr. Raziel Obeng-Okoh contends the Bank of Ghana’s decision to maintain the Monetary Policy Rate at 28% is excessively cautious and misaligned with economic fundamentals. The Ghana Institute of Management and Public Administration senior lecturer argued the central bank missed…