Quantitative easing would mean jettisoning the same policies that have given SA the space to respond to the crisis, says Bank economic research department chief
Pulling out all the stops to offset the effects of the Covid-19 may do more harm than good, says Chris Loewald, head of the Reserve Bank's economic research department.
In defence of the current policy stance, Loewald, who is a member of the Bank's monetary policy committee, said calls for quantitative easing as a response to a potential depression caused by Covid-19 and the national lockdown would mean jettisoning the same policies that have given SA the space to respond to the crisis.
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