The pandemic has also accelerated the pace of change to an extent that we could not have imagined. And we all have to adapt to the new reality. This requires us to balance near-term crisis responses with managing risks over the medium term.
The main theme of my remarks today is resilience and the need to reinforce it in what remains a challenging and highly uncertain environment. In this context, I’ll start by giving an overview of the outlook for the macro- nancial environment and outline the Central Bank’s priorities for the year ahead. Finally, I will set out some proposals for our approach to engagement.