Understanding the movements of households’ and firms’ inflation expectations In terms of achieving the 2 percent price stability target, I believe that important consideration should be placed on households’ inflation expectations and related expenditure behavior.
Examples of these goods and services are agricultural extension services and research and development. The modernisation of agriculture requires comprehensive, country wide, agricultural extension services. Such a service will have to be funded predominantly with public resources. In addition, budget resources are needed to ensure that the rural infrastructure, such as rural feeder roads, is adequate to support commercial agriculture throughout the country.