*  *  *  Ladies and Gentlemen We meet in what could only be described as a defining moment for St Kitts and Nevis and the rest of the OECS in particular, and the CARICOM in general, as we seek to respond to the fundamental changes which are taking place in the international system on one hand, and the domestic circumstances which confront us on the other.
Guidelines for an acceptable rate of increase in the M3 money supply are announced at the beginning of each year on what growth in the money supply will be good or tolerable in the South African economy.