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I resist the temptation to comment on fiscal policy, Reserve Bank’s Lesetja Kganyago says

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I resist the temptation to comment on fiscal policy, Reserve Bank’s Lesetja Kganyago says 🔒

In a barely disguised rebuke of deputy finance minister David Masondo for his comments in support of the SA Reserve Bank funding the government directly, governor Lesetja Kganyago said he had often had to resist his urge to talk about fiscal policy.

“We actually do not comment on fiscal policy,” Kganyago, a former director-general of the Treasury, said in a webcast on Wednesday hosted by Investec Wealth and Investment, declining to address the comments directly.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

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