'There's only so much' lowering interest rates can achieve: Kganyago on SA inequality
Repo rate not the only tool
The central bank left its benchmark interest rate at a 15-year high of 8.25% at its July meeting.
South Africa’s central bank chief Lesetja Kganyago said lowering interest rates is not the solution to the country’s chronic inequality, while low inflation is a pre-requisite
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