It will probably fall noticeably below 2 per cent on an annual basis, as falling petrol and banana prices have their effect. After that, it will rise again, as those temporary factors fade, and we currently expect that CPI inflation will be around 2¾ per cent by early 2008, remaining around that rate thereafter.
Siwa was a firm believer in getting the views of everyone. He established forums that are still active today. He established the Macroeconomic Policy Committee to help government formulate policies and make forecasts. This Committee is extremely busy right now revising the prediction for the economy in light of the floods and the global economic meltdown.