Having been already allotted an investment quota, at this Summit, the South African Reserve Bank (the Bank) and People's Bank of China (PBoC) signed an agency agreement enabling the Bank to invest in China’s interbank bond market through the People’s Bank of China.
Meanwhile, easing prices of oil and other non-oil commodities in the world market and moderating inflation expectations have reduced inflation pressures and protected the people’s purchasing power. Easing inflation pressures provide flexibility for the BSP to formulate policies supportive of the real economy while keeping an eye on the risks to stable prices.