Next year, South Africa will take over the Presidency of the BRICS grouping. We will continue the work aimed at further strengthening the cooperation and collaboration among the BRICS members.
3.2  Monitoring a wide range of expectation indicators  The ECB does not rely on a single indicator when monitoring expectations but rather takes a comprehensive and pragmatic approach that balances off the information provided by various sources. By their very nature, inflation expectations are not directly observable or measurable.