• Conflict over water, coal

    SA's leaders have upped their support of the water-intensive coal industry, says Keith Schneider.

  • Cost of doing business

    The world can't afford the $4.7trn a year in environmental costs of business, says Mandi Smallhorne.

  • Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

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Marcus: Policy can't solve crisis

Aug 23 2011 09:06
Reuters
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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