Today the  BIS Review 27/2007  1  partnership is extended to a fourth partner, which shows that the scope of the business case is larger. Also on behalf of the Dutch central bank and the Banque centrale du Luxembourg let me warmly welcome you as a full and equal partner in the group.
I have explained in the previous two meetings of this Committee why that long gap occurred. It is clear that, despite our best endeavours to explain ourselves, a number of people think that the Bank tightened to cool down the property market.