The central plank of the self-assessment by the CFSA is based on three mutually reinforcing factors, namely, financial stability assessment and stress testing; developmental issues and, assessment of the status and progress in implementation of international financial standards and codes. To assist in the process of assessment, the CFSA has constituted four Advisory Panels.
After remaining very low for a long period, inflation picked up suddenly and escalated sharply, mainly as a result of two unpredictable supply-side shocks that hit the economy in successive waves: the pandemic and the war in Ukraine, leading to rising fuel and other commodity prices. These two shocks are what we call "unknown unknowns", i.e.