Sarb faces tough job amid ‘sobering’ outlook, IMF warns
Capital flows, sovereign rating and financial sector health form dangerous links, fund says
The outlook for the South African economy is "sobering", the International Monetary Fund said today (July 7), as threats to the economy combine into what could prove a downward spiral.
The South African Reserve Bank (Sarb) is already battling inflation of 6.1%, marginally above its 3–6% target range, while the economy in slowing. Growth is projected at just 0.1% in 2016.
At the same time, IMF staff warned of the dangerous interaction of capital flows, the sovereign and the financial sector, in
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