Emerging market monetary policy is a balancing act: Sarb’s Mminele
Daniel Mminele, deputy governor of the South African Reserve Bank, on Tuesday said emerging market central banks faced a delicate balancing act to reconcile upside medium-term inflation risks with near-term growth concerns.
At the Bank of America Merrill Lynch 10th Annual Investor-to-Corporate Conference 2011 in Cape Town, South Africa, Mminele said: "Monetary policy-makers across the world have to make difficult decisions in a highly uncertain and volatile economic and financial market
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