Apart from generation and dissemination of statistics, statisticians are also posted across various departments of the Bank. They provide support for different operational aspects such as payment system, risk analysis, currency management and portfolio management evaluation. Furthermore, statisticians internally generate forecasts for key macroeconomic variables. They do their own research, and publish many of their research findings.
Had we not experienced the sizeable appreciation over recent years, it is highly likely that the economy would have overheated and that we would have had substantially higher inflation and substantially higher interest rates.