That is, longer-term interest rates may move sooner than would otherwise be the case, in effect reducing the lags in the effect of monetary policy on aggregate demand. Expectations, however, can also constrain monetary policy. If policymakers convey, perhaps unintentionally, expectations of a move at the next meeting, but policy does not in fact deliver that change, longer-term rates may reverse their earlier move.
While over 60 per cent of the workforce is dependent on agriculture, the sector accounts for barely 20 per cent of the GDP. 4  BIS Review 62/2007  Second, alongside shortfalls in agricultural performance, large gaps have emerged in the physical infrastructure.