Tag: jeff schultz
BNP Paribas South Africa expects that the velocity of money and its relationship to inflation in the South Africa economy should play an important role in guiding future monetary policy decisions. Joining CNBC Africa for more is Jeff Schultz, Senior Economist at BNP Paribas South Africa.
BNP Paribas has become the latest bank to downgrade its growth forecast for South Africa’s economy. The international bank now expects the economy to contract by 4 per cent versus a contraction of 1.2 per cent previously. Jeff Schultz, Senior Economist at BNP Paribas joins CNBC Africa to explain the banks change in outlook?