The persistence of inflation at elevated levels has also raised the  debate as to whether the much required monetary actions to contain inflation will end in hard landing (a global recession) or will the monetary authorities be able to manage soft landing (a moderation in inflation closer to targets with only a moderate slowdown in output growth).
It is also not in dispute that the repo rate, the rate at which the South African Reserve Bank will lend to the banks, was increased recently, primarily on account of deteriorating risks to the outlook for inflation.