Thursday, July 18, 2024 UTC

Recognized by industry leaders for extensive coverage on African Asset Management

Opinion

Monetary policy beyond COVID-19

Adriaan Pask, CIO, PSG Wealth
Oct. 20, 2020, 9:48 p.m.
874

Word count: 775

The impact of COVID-19 on global economies has triggered unprecedented central bank responses. Since the virus made its debut in December 2019, the US Federal Reserve Bank (Fed) has lowered the targeted fund rate and kept it between a range of 0% to 0.25%. This marks the lowest level since the 2008 global financial crisis. Locally interest rates are at 50-year lows after the South African Reserve Bank (SARB) trimmed interest rates by 3% this year.

Choose ONE Magazine and TWO Articles for FREE when you register an account
Share:
Registration Login
Sign in with social account
or
Lost your Password?
Registration Login
Sign in with social account
or
Registration Login
Registration