EPISODE · Jun 24, 2022 · 1 MIN
Are there other ways to reduce inflation?
from Die ekonomie minuut · host Waldo Krugell
The word inflation is now used as widely in the media as Covid, or Ukraine. In the UK, more people do Google searches on inflation than on Taylor Swift. This week, South Africa's inflation rate surprised us all at 6.5%. Economists at Oxford Economics, FNB and Nedbank now expect the inflation rate to go above 7% in June. Others predict that the repo rate could rise to 7.5% within a year. I have explained many times how the Reserve Bank uses the repo rate to fight inflation, but are there other ways to reduce inflation? * The Economics Minute is supported by the NWU Business School.
What this episode covers
The word inflation is now used as widely in the media as Covid, or Ukraine. In the UK, more people do Google searches on inflation than on Taylor Swift. This week, South Africa's inflation rate surprised us all at 6.5%. Economists at Oxford Economics, FNB and Nedbank now expect the inflation rate to go above 7% in June. Others predict that the repo rate could rise to 7.5% within a year. I have explained many times how the Reserve Bank uses the repo rate to fight inflation, but are there other ways to reduce inflation? * The Economics Minute is supported by the NWU Business School.
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Are there other ways to reduce inflation?
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