Global interdependence requires caution: Mboweni
The interdependence of the global financial system could mean that financial instability affects countries that are not directly involved in the actions that have led to the volatility, according to Tito Mboweni, the governor of the South African Reserve Bank.
Speaking in India last week, Mboweni said: "We have to remain vigilant to global and domestic developments in order to ensure that prosperous outcomes are not unduly threatened."
He added: "The role of monetary policy in this process
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