Before concluding tonight remarks, please kindly allow me to quote a known philosopher from the 4th century BC, Cicero: “within the character of the citizen, lies  22  BIS central bankers’ speeches  the welfare of the nation.” That the development of a nation cannot be separated from the work ethic and character of the nation itself. 83.
Such policies and financial inclusion policies had previously been considered as falling within the government’s brief, but are gradually coming to be considered now to lie within the domain of the central bank. Central banks are endeavoring to play more active roles in the efforts to strengthen the real and financial sector linkages.