We have also re-established a high-level “Market Leaders Forum” where representatives of the Central Bank, National Treasury, and the large  BIS central bankers’ speeches  1  commercial banks and custodial investors, discuss freely the government’s domestic borrowing plans. •  Close policy coordination between the monetary and fiscal authorities is also important.
In the near term, I expect that uncomfortably high inflation will persist at least through the first half of 2022. We may see signs of inflation easing in the second half of the year, but there is a substantial risk that high inflation could persist.