But we must keep in mind that, even for products that are produced abroad and imported, U.S. companies continue to perform a significant share of the research and development that those products entail.
Market participants could, therefore, be assured of a comprehensive set of data, set out in accordance with the highest international standards, in the Quarterly Bulletin and the statement of foreign reserves; and would be guided by the Governor’s address on matters pertaining to exchange rate, reserve management and over-arching monetary policy. Additional information was made available on a discretionary basis.