To determine whether further monetary easing is warranted, we will first have to see how macroeconomic conditions will unfold. Two days from now (8 August 2019), the Monetary Board will be conducting its regular review of the monetary policy stance. Until then, we will continue to look at the widest possible set of available economic and financial variables.
Households in 2020, is parents who need to care for their children because of remote school and aftercare.34 We have also seen a wave of retirements by older workers in the past year.