SARB's Monetary Policy Committee statement

In a statement released on Thursday 10 February South African Reserve Bank governor Tito Mboweni said that over the longer term there are a number of developments which could also lead to a favourable inflation outcome.

The world economic outlook remains positive. Preliminary estimates made by the International Monetary Fund indicate that world economic growth reached nearly 5 per cent in 2004 - the highest figure in almost three decades. Moreover, this growth was widespread, with particularly