We should continue working to increase the transparency and predictability of our policies, so that economic agents are able to enhance their understandings of our monetary policy and form rational expectations as to our policy directions. The more a society advances, the higher the level of morality and social responsibility demanded of those in the public sector.
And central bankers are of course no exception. We must therefore 2/3  BIS central bankers' speeches  work to bring our ways of thinking and our code of conduct into step with the new values and norms arising with the changes of the times.