The delete the three zeros project is a technical cleanup and a managed REER…Managed REER is the logical next step to reflect actual economic strength…So what comes next? If all of this holds true, and the data strongly suggests it does, the logical next step is a managed REER adjustment when the CBI deems it is prudent. A clean political slate would help create the most stable environment for that move. But the CBI independence means the monetary decision can proceed on its own timeline once internal fundamentals and regional calm are in place…The next phase is the one we’ve been watching for for many years…I think the quiet way they’ve done this is winning… Militia Man[Post 2 of 2]
