Along with the independence, the Act made allowance for the setting up of a Monetary Policy Committee. In the great spirit of responsible central banking, I have done what could possibly be done to maintain the independence of the Bank.
Ladies and gentlemen, on behalf of the Board of Directors of the Bank, myself included, my wife, Meera, and the staff of the Bank, I wish you all Happy Holidays and the very best for 2018. Thank you. 7/7  BIS central bankers' speeches