During the period of zero interest rate policy from 1999 through 2000, the Bank announced in its policy statement that it was committed to continuing with the policy until deflationary concerns were dispelled. 2  BIS Review 42/2003  Compared with this rather descriptive announcement, the current commitment under quantitative easing is far more concrete and objective.
2  BIS Review 5/2004  Legal Services: there is, I think, an increasing realization that the maintenance of a strict legal monopoly in favour of members of the Bahamas Bar, certainly as it affects the delivery of international financial services, is highly counter-productive.