Therefore, because the variables the central bank wants to influence have a forward-looking component, and because the effects of policy actions are unlikely to appear for at least a year, macroeconomic projections should have a central role in the monetary policy plan and should appear in the public description of that plan.
The federal banking regulators, pursuant to their joint November 12 statement, are working to help banks  BIS Review 3/2009  1  ensure that they are fully meeting the needs of creditworthy borrowers. 1 Bank lending to creditworthy borrowers is good for the economy, but it is also good for the profitability of banks and supports their safety and soundness.