On green transition that you mentioned: This is one of the megatrends that we observe. However, we also observe many other megatrends, like the digital transformation and the ageing 1/2  BIS central bankers' speeches  of the population.
3  2  broadening of inflationary pressures means that swift and decisive policy action has become imperative.4 Globally, central banks have responded.5  Like the global economy, the domestic economy has been hit by multiple and often overlapping shocks, some positive and some negative. For instance, the strong global growth in 2021 supported South Africa’s terms of trade, and thus its growth.