If the exchange rate and the domestic interest rate are maintained near their current levels, the incentives for capital inflows - and thus the need for continued intervention and sterilization - will remain undiminished. Accordingly, the value of outstanding sterilization bonds will continue to grow rapidly.
In an effort to improve the quality of economic journalism in Africa, the Bank, in partnership with Rhodes University, is in the process of establishing the African Economics Journalism Centre at the School of Journalism and Media Studies at the university.