That is becoming increasingly apparent nowadays in the question of the liberalisation of the financial markets in the emerging economies. Without doubt, liberalising capital movements is the right direction to take.
We are firmly committed to acting in a way that preserves price stability, and we believe we have the tools to absorb reserves and raise interest rates when needed. Moreover, we are working with the Treasury to introduce legislation that would enlarge our tool kit for moving away from the extraordinary degree of financial stimulus we have put in place when the time arrives.