In December, attempts to reach an agreement to conclude the Doha Round of multilateral trade liberalization negotiations failed. Some emerging countries have raised customs duties or initiated anti-  BIS Review 22/2009  3  dumping actions. So far, such interventions have been limited and for the most part within the range permitted by multilateral regulations.
The final decision-making power on monetary policy matters nevertheless is still vested in the Governor’s Committee, i.e. a subcommittee of the Board comprising the Governor and three Deputy Governors. After the completion of every meeting of the Monetary Policy Committee a statement is issued to the public.