In this regard, it will probably be necessary to increase the basic vote by more than agreed upon at least year's Singapore meeting. There is much to be done, and we wish incoming Managing Director Strauss-Kahn every success as he takes over leadership of the Fund. 3.
From a monetary policy perspective, this contribution to sustainable growth may help to reverse the decline in the real equilibrium interest rate and, in turn, it would help decrease the amount of time at which we expect to be at the zero lower bound.