It was the first time for the Central Bank to address a large number of politicians and public servants under one roof. Today’s invitation is one such meeting that we are happy to attend. The presentation is however slightly different, because whilst my talk on ‘Monetary Policy, Supervision and Governance of the Financial System’ has a national emphasis, this forum has a provincial focus.
I have divided my talk into the three areas mentioned, namely, monetary policy, supervision and governance. Managing and implementing monetary policy The Bank of Papua New Guinea deals with the monetary policy of the country, one of the major economic policies of the Government. The other policies include the fiscal or budget, wages, and employment policies.