Based on its assessment of how long it is likely to take to achieve full employment and target inflation, the Committee would commit to capping rates out the yield curve for a period consistent with its expectation for the duration of the outcome-based forward guidance.
It is no surprise therefore that as countries prepare their Poverty Reduction Strategy Papers (PRSP), emphasis has been placed on pro-poor growth led by the private sector especially through SMMEs. Sectors such as agriculture, services, manufacturing with heavy content of labour-intensive activities have received much support by programme implementers because of their potential for reducing poverty.