The final elements of the Bank’s communication effort around these four Monetary Policy Reports involve a press conference by the Governor and the Senior Deputy Governor and Parliamentary appearances at the House of Commons Standing Committee on Finance, and the Senate Standing Committee on Banking, Trade and Commerce.
The corresponding depreciation in other countries' currencies will result in a gradual increase in the foreign currency price of U.S. exports, compared to the prices of foreign produced goods. The result is movements in relative prices that encourage imports and discourage exports.