The BER also contributes towards sound monetary policy by conducting the quarterly inflation expectations survey on behalf of the South African Reserve Bank, which, as you know, is an important piece of information for an inflation-targeting central bank.
It has been approximately seven years since the global financial crisis began – more or less the period which Reinhart and Rogoff 1 predicted it would take the global economy to recover from the crisis and set the scene for monetary policy normalisation. The global economic environment continues to be characterised by various global headwinds, not least of which is the return to “normal”.