And the decline in real interest rates is expected to have the effect of stimulating business fixed investment and household spending. For the last eight months, our endeavor on this front has been successful. According to surveys on households and economists, inflation expectations seem to have been rising on the whole (Chart 13).
School enrolment is almost universal, school completion rates amongst Africans has increased sharply, enrolment at universities has more than doubled and an increasing proportion of students are taking science, engineering and technology courses.