Isaah Mhlanga | Monetary policy could be shifting in the US. Here's how that will affect SA

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Isaah Mhlanga, chief economist at Alexander Forbes.
Isaah Mhlanga, chief economist at Alexander Forbes.

The US Fed has fired the first signs of changing tone on its monetary policy guidance in the next three years, saysIsaah Mhlanga. 

At its June 2021 Federal Open Market Committee (FOMC) meeting – the equivalent of the South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) meeting – the US Federal Reserve (Fed) decided to keep its policy rates and bond purchasing programme unchanged between 0%-0.25% and US$120 billion per month respectively.

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