Stanbic Bank has just held its annual financial market event that brings together its clients and investors to share views on trends and outlook on financial markets, foreign exchange and interest rates. The media had an interaction with the Head of Trading at Stanbic Bank Ronald Muyanja and he shares …
Read More »COMMENT: Flexible exchange rates
Why currency depreciation doesn’t always allow exports to decline relative to a producer’s imports COMMENT | GITA GOPINATH | In 1953, Milton Friedman published an essay called `The Case for Flexible Exchange Rates’, arguing that they cushion an economy from internal and external shocks by bringing about just the right price …
Read More »