In my talk this afternoon I want to focus on one element of the G-20 reform agenda: building robust financial market infrastructure. That infrastructure includes a number of components: payment and securities settlement systems, trading venues and exchanges, information and price providers, and collateral management systems.
This growth has been fueled by a broader set of growth drivers and continues the streak of consecutive quarters of positive growth since 1998. Inflation (actual and forecast) remains within target. Although inflation has been elevated and risks to future inflation have remained tilted to the upside, the outlook continues to be manageable.