Besides defining obligations to provide information and explanations, the monetary policy strategy also has implications for the accountability of the central bank. In the academic debate on this topic, the impression is often given that inflation targeting is clearly superior to monetary targeting in those terms (see Tabellini, 1998 and Dornbusch et al., 1998).
These are the people who worked late into the evening and early in the morning to come up with creative and innovative business ideas. On behalf of the Bank of Namibia, once again, I want to congratulate all the finalists of the NBIC Business Idea Competition and wish you the best of luck.