A final lesson I must touch on is that very low interest rates – and the unconventional monetary policy tools that can be deployed to enhance their effects – tend to create financial imbalances that can grow through time. These risks must be accepted should the downside risk to the economy lead to even worse outcomes if realized.
Consultations have taken place with the Department of Arts and Culture on the Coat of Arms, with the Pan South African Language Board (PANSALB) on the language changes, with the National Council for the Blind on the changes with regards to the features for the blind or partially sighted and with various international and local service providers and the banking industry on the utilisation of the security features in processing and vending machines that have become part of our daily lives.