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.
As we explained in the relevant circular, these measures were instituted to curb undue speculation that was resulting in the volatility of the exchange rate. As indicated in our quarterly policy review earlier this week, we will roll back these measures only after we determine that stability has been restored to the foreign exchange market.