Open market transactions and moral suasion can be used by the Central Bank to develop South Africa and promote growth if the goals of the Central Bank are met.
How can open market transactions help South Africa?
Open market transactions is a method that central banks use to control the growth of the economy but this method relies significantly on the cooperation of banks.
This is where Moral suasion comes in because banks will be more likely to help the Central Bank achieve its goals in order to avoid sanctions.
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