At the same time, groups should not be looking for slights any and everywhere, so that too much is seen as offensive; the theory of confirmation bias in psychology suggests that once one starts looking for insults, one can find them everywhere, even in the most innocuous statements.
I have  2  BIS Review 15/2001  also outlined why I think that the Bank should continue to pursue the objective of low inflation within the current framework of inflation targets supported by a floating exchange rate. All this is fine, you may say, but how will the Bank ensure that it continues to deliver a credible, effective monetary policy?