Sarb Urged To Cutrates As Stimulus

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sarb urged to cutrates as stimulus

With a positive forecast for the South African economy this year predicted in different quarters, the South African Reserve Bank Sarb is being urged to put more money in consumers pockets to stimulate economic growth.

With unemployment rising and closing in on 50 among the youth, job creation should be the priority of the government of national unity in every department and every policy, political economy analyst Daniel Silke said.

He lambasted South Africas very high interest rates but said the series of repo rate cuts last year gave hope that the economy will perform well this year.

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