Just like apes, humans fear the unknown, and that’s why there’s so much uncertainty this week as markets brace for an interest-rate decision by the Federal Reserve.
Former Reserve Bank of India Governor Raghuram Rajan. He left the job after concerted political attacks.
Reuters/Shailesh Andrade
Attacks on the South African Reserve Bank and events in India that led to the exit of the governor of the country’s central bank are a warning that banks aren’t immune from political meddling.
South Africa’s former finance minister Pravin Gordhan chats with Lesetja Kganyago, governor of the country’s Reserve Bank.
Reuters/Siphiwe Sibeko
Africa needs to navigate the difficult economic waters that lie ahead without undoing the gains of the past two decades. Success will require difficult political choices.
Comments by RBA Governor Glenn Stevens that monetary policy in the form of lower interest rates may have reached its limits, needs to prompt debate on fiscal policy taking over.
Iraqi troops training with the US Army June 2015.
US Army/Reuters
On the face of it, Iraq and the US Federal Reserve share little. One is a country plagued by division, war and mayhem since the US invasion of 2003. It is a brutal world where there are no friends, few…
South African Reserve Bank Governor Lesetja Kganyago is the third since the bank adopted a more transparent way of operating.
Reuters/Siphiwe Sibeko
The South African Reserve Bank is a fine example of clear communication of the decision whether to hold, increase, or decrease interest rates. It also gives clear signals of future decisions.
Distinguished Professor and Derek Schrier and Cecily Cameron Chair in Development Economics, School of Economics and Business Sciences, University of the Witwatersrand
