Marcus backs Gordhan

RESERVE Bank governor Gill Marcus has welcomed instructions from Finance Minister Pravin Gordhan to consider growth and employment in setting interest rates.

RESERVE Bank governor Gill Marcus has welcomed instructions from Finance Minister Pravin Gordhan to consider growth and employment in setting interest rates.

Gordhan spelt out the nuance he would be looking for in a two-page letter to Marcus this week.

"It's a fine balance that needs to be there and I think this mandate letter sets it out clearly and is most welcome," Marcus said." - Brendan Boyle

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