We hope that it will address convincingly the fundamental hurdles that I have mentioned. Monetary policy The Reserve Bank has been highlighting the imbalance between exports and imports for some time now. We will continue to do so. We realise though that the solutions to this problem are largely outside the direct influence of the Reserve Bank itself.
In many ways, we are therefore dealing with the effects rather than the cause. But we have no choice but to protect our financial position while we try to solve the root cause which is exports. Solving the root cause however is taking a lot of time – a luxury that we are running out of very quickly.