The market expects them to remain below 1 per cent until the middle of this year. An important contribution to the growth of the world economy has come from the emerging economies of Asia. In 2004 the increase in GDP was around 7.5 per cent.
To this end, ongoing communication between the Reserve Bank and all levels of society is essential. In this connection, Governor Jean-Claude Trichet asked the question: “So to whom is the central bank accountable? In the end, I think it is accountable to public opinion itself.