Since December 2012, the Committee has said it intends to hold the federal funds rate near zero at least until unemployment has declined below 6-1/2 percent, provided that inflation between one and two years ahead is projected to be no more than 1/2 percentage point above the Committee’s 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored.
The exchange of information on national surveillance policies and practices will be used to devise a harmonised system of surveillance and regulation for the SADC region. The Committee of SADC Stock Exchanges should also aim to develop the region’s bond as well as other securities markets, and you must continue encouraging national authorities to actively issue government securities on the region’s exchanges.