SA doesn’t have conditions for quantitative easing – central bank

South Africa’s economy does not fulfill the conditions needed for quantitative easing (QE), central bank Governor Lesetja Kganyago said on Wednesday.

A top official from the governing party earlier called for a team to be set up to explore the possibility of QE.

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“Quantitative easing is a tool available to all central banks, but for you to do quantitative easing the following conditions have to be met: inflation must be so low that it threatens to go to zero, … interest rates must be very low,” Kganyago said.

“Those conditions do not exist in South Africa.”