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Sarb stays on financial stability risk watch

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Cape Town - The SA Reserve Bank said it is continuously assessing adverse events that could pose a financial stability risk including a ratings downgrade.

In response to a question in parliament by DA shadow minister of finance David Maynier on whether the Sarb has taken steps to mitigate the effects of a possible sovereign ratings downgrade, the Bank said it is involved in continuous efforts to identify, quantify and mitigate possible adverse events that could pose a financial stability risk.

This contingency planning involves engaging with key public and private sector stakeholders, the Bank said.

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