So, I am delighted to be proceeding this morning with the first disbursement under the Special Line of Credit in Foreign Currency to an economic operator in the tourism sector, Mr Shakeel Nundlall, who is here with us today and who, I am sure, will open the way for other economic operators to go and convert their stock of debt into foreign currency.
The tilt provides the market with an indication of the Committee’s balancing of the risks related to emerging excess demand or supply and inflation going forward and hence in what direction policy is more likely to move. In a symmetric directive, the risks are viewed as evenly balanced, so that the next rate increase could as easily be up or down.