In view of this, my speech today carries the title “The Roles, Missions, and Challenges of the Central Bank”. I will spend about two thirds of my allotted time talking about what a central bank is and the remaining one third on the Bank’s most recent decisions; hopefully, this will enhance the public’s understanding of the decisions in a broader context.
It would be my greatest pleasure if, by describing the essence of central banking, I could succeed in providing any useful input for people who are contemplating issues related to monetary policy and the Bank. I. Four episodes illustrating the role of the central bank  Now, what does a central bank do?