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SARB needs to follow US example and create money. Lots of it - top economist

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The US has adopted a "whatever it takes" approach by throwing trillions of dollars at its economy to offset the deflationary impact of Covid-19. Independent economist Rian le Roux believes South Africa needs to follow the American example and commit to injecting more than has this far been set aside. The respected former chief economist of Old Mutual says it would be folly to under-estimate the deflationary impact of the 21-day shutdown and other consequences of the war against the virus, arguing that in these unique circumstances, for the SA Reserve Bank to create money is actually a very good idea. - Alec Hogg Learn more about your ad choices. Visit megaphone.fm/adchoices
25 Mar 2020 11AM English South Africa Investing · Business News

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