We have to an extent achieved this, given the low inflation and interest rate levels, as well as a stable exchange rate. Not only was these positive outcomes due to favourable international commodity prices but most importantly to sound fiscal and monetary policies.
This has resulted in renewed confidence in the economic management of the country as well as expansion in business activities by the private sector. For 2005 and the medium term, we forecast inflation to remain low as the stability in the kina exchange rate will be sustained over the medium term.