Let me now thank the organizers Michel and Nadine, for initiating and organizing this excellent conference, and thank all the presenters from the BOI as well as our distinguished guests, who came from far away. Thank you for the very kind words you said, I am moved and honored by all of this.
Meanwhile, monetary policy would remain focused on any longer-term impacts on incomes and wealth, and hence inflation and employment pressures. A similar set of considerations confronts policymakers globally at present with the spread of the Covid-19 virus. The eventual economic impact on global supply and demand will depend on the location, severity, and duration of the virus.