With key project and stakeholder management processes in place however, we anticipate project completion of the Head Office precinct by the end of 2024. Our vaccination programme has yielded some positive results, with a total of 61% of SARB Group staff (including the currency producing subsidiaries and three cash centres) having received the primary dose of the available vaccines.
I believe the most recent FOMC statement took a step in this direction when we moved to a qualitative form of forward guidance by stating that we will be assessing progress – both realized and expected – toward our policy objectives. The idea that policy will change as we approach our objectives has the flavor of a reaction function.