Furthermore, the Governing Council will be equally active in responding to medium-term developments in inflation that fall short of our objective as to those that exceed it. 4  On the role of expectations for monetary policy, see, for example, Woodford (2005).
Connectivity and the modernization of existing two Ports and addition of Gawadar port will ease pressure. We do recognize that tackling the new challenges requires confidence from past achievements but not complacency about the magnitude of the challenges to be faced. "When it is obvious that the goals cannot be reached, don't adjust the goals, adjust the action steps."