Our latest forecasts project the output gap to be near zero and inflation to be close to the 2 percent midpoint in March 2016 (figure 1). Consequently, the appropriate monetary policy setting at that time should be very close to neutral. Our projections suggest the level of the  1  See Blinder, A (1998) Central banking in theory and practice (MIT Press).
As regards insurance supervision in the year under review, progress was made in the revision of some articles contained in the legal framework for employees’ compensation insurance, which has entered into the legislative stage. Furthermore, after prior consultation with the industry, “Guidelines on Corporate Governance of Authorised Insurers” was promulgated and became effective in January 2014.