Adopting a dual mandate will not solve South African unemployment – Kganyago
Unemployment problems are caused by structural issues, Sarb governor says
The governor of the South African Reserve Bank (Sarb) has said adopting a second mandate – an unemployment target – would be a mistake for the central bank.
Speaking in Durban on April 25, Lesetja Kganyago asked the question of whether the central bank should target employment as well as inflation, aligning itself with dual mandate central banks, such as the Federal Reserve in the US.
Kganyago acknowledged South Africa has “terrible unemployment problems” but stressed that monetary policy was
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