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Marcus: Policy can't solve crisis

Aug 23 2011 09:06 Reuters

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Johannesburg - The global economic crisis cannot be resolved by monetary policy alone, Reserve Bank governor Gill Marcus said on Tuesday.

"We are not in a normal cyclical downturn. The crisis cannot be resolved by monetary policy alone ... monetary policy can help to some extent," Marcus said at an American Chamber of Commerce meeting.

Marcus said the world economy came out of recession but did not overcome the crisis. 
gill marcus  |  monetary policy  |  sarb  |  economy

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