The Board staff combines various surveys and market-based measures in our Index of Common Inflation Expectations, which has moved up slightly in recent months after being flat for a long time. We need to avoid expectations rising so much that they become a factor that drives inflation higher.
The challenges we face are multifaceted, but as the region has demonstrated through the support member countries have given to ESAAMLG, we remain resolutely committed to fighting the double evils of money laundering and financing of terrorism. Allow me for the next few minutes to wear my Central Bankers’ hat as a regulator of the banking sector.