However, it is important to note that there is a great deal of statistical uncertainty around all of these estimates. 3 While the analysis that follows relates to interest rates in the long run, these factors are also important determinants of interest rates in the short run. -4the investment-equals-saving curve.
Outlook for Basel III Though there is still much work to be done in Basel, before I close, I’d like to take this opportunity to emphasise just how much progress has already been made at the Basel Committee meetings thus far.