Accordingly, if within 20 years, 2005 to 2025, the Western Province share of the  BIS central bankers’ speeches  3  country’s GDP could be reduced from one-half to one-third, I believe we would be well on track to balanced regional growth, whilst also not depriving the Western Province of the fruits of rapid development.
The threat of deflation is gone and reflationary forces are at play. And since one of the drivers of inflation today is positive supply developments, this should feed back positively into potential output rather than produce hysteresis. In these conditions, we can be more assured about the return of inflation to our objective than we were a few years ago.