Temporary breaches of the target are expected in the first quarter, and again in the final quarter of 2016. Much of this is due to base effects. For 2017, inflation shows a slow downward trend. The SARB Monetary Policy Committee (MPC) remains on a gradual normalisation path and is of the view that monetary policy remains accommodative.
We have to honestly ask ourselves: are we ready to give up that much national sovereignty? Would the Germans accept this? At least according to the polls, the public in Germany would be more willing to embark on more political integration than in most of the other countries.