It then stayed its hand for a period in the first half of 2007, as inflation results available at that time suggested some moderation.
Hence, as economic stability gains a firm hold, the private sector must reposition itself to drive the growth agenda. [17] As noted in the 2010 budget and economic policy statement, the government will continue with the fiscal consolidation process which started in 2009 with a view to stabilizing inflation and reducing exchange rate volatilities.