ANC retracts statement on monetary policy

The ruling party on Thursday retracted a statement on the South African Reserve bank’s (Sarb) policy, saying it was “unfortunately issued without requisite consultation”.

Read: ANC urges central bank to help poor

The African National Congress (ANC) earlier called on the central bank to help lift economic growth and help the poor, an hour after interest rates were left on hold.

“The ANC respects the independence of the Sarb,” it said in a statement. 

Source: moneyweb.co.za