Ballooning budget deficits and mounting fiscal debt exacerbated by the Covid-19 pandemic is putting central banks under pressure to monetise government debt – in one form or another.

The South African Reserve Bank (Sarb) became the latest major institution to face pressure after South Africa’s deputy finance minister, David Masondo, told a local newspaper he would support the central bank directly purchasing government debt to help fund measures to contain the virus. So far, the Sarb appears to

You are currently unable to copy this content. Please contact [email protected] to find out more.


Source link