Monetary policy worldwide turned significantly accommodative and a number of major central banks implemented quantitative easing, resulting in progressively lower yields on our reserves. I instigated a review of the Bank’s investment strategy given the low profitability of operations.
We see it in how we drive on the road (making the shoulder another lane or showing no respect for the traffic lights) and we see it in the lack of civility and in the boorishness that pervade so many facets of our every day life.