It is time for me to conclude, Globalisation has lifted out of poverty and improved the living standards of millions around the world. It has greatly benefited Germany and the rest of Europe. It has benefited emerging Asia. And it is now benefiting large parts of Africa. We should not reverse globalisation.
Total CPI inflation is expected to be volatile over the next few months, before moving down to about 2 per cent by the end of the year if world energy prices remain close to current levels. I would now like to say a word about recent developments in financial markets. These developments have essentially reflected the increased concerns and uncertainty surrounding world economic prospects.