Apart from the key element of raising interest rates on reserves, the optimal strategy will likely depend on the specific money market and lending conditions that prevail at the time. For instance, some circumstances might dictate the advisability of a quite rapid sequence of reserve draining and interest rate raising steps, whereas other conditions might argue for a more measured and incremental approach.
Director of Ceremonies, I believe the Ministry of Lands and Resettlements is making good progress in improving tenure security in communal areas and they must be applauded for these efforts. The Communal Land Reform Act was promulgated in 2002. This Act has provided clarity on the administration of customary and leasehold rights in the communal areas.