IS MBOWENI A SADO-MONETARIST?
An interest rate increase this month is on the cards, because SA Reserve Bank Governor Tito Mboweni is taking a pretty eclectic approach to inflation targeting, says Greta Steyn. Is he going to hike interest rates by too much, crying “no pain, no gain”? Or will the SA economy emerge unscathed from the current bout of monetary tightening? Read Greta Steyn’s weekly column.