It will have demonstrated that Europeans can live up to the motto of the European Union, and remain “united in diversity”. Thank you for your attention. BIS central bankers’ speeches  7
Equally, in a world where global drivers of inflation have, over time, played a greater part in influencing country-specific price developments, continued moderation in global inflation may make it easier for inflation expectations to remain low and stable in South Africa. However, there is no certainty that the risk premium which investors require on South African assets will remain low over the medium term.