In short, for monetary policy, expectations matter. BIS central bankers’ speeches  1  Indeed, expectations matter so much that a central bank may be able to help make policy more effective by working to shape those expectations.
In the same vein, I would also like to thank the former chairperson, Mr. Gift Kavari for his contribution. Your guidance and input has provided a significant foundation for PAN. As financial systems have become increasingly complex, stricter control, oversight and coordination of payment systems are required. Namibia is not an exception in this regard.