As I indicated at the previous launches of the Monetary Policy Statement, the operational reforms (I will shortly announce) are intended to enhance policy transmission and effectiveness, as well  as  fostering  the  development  of  capital  markets,  particularly the market for government securities.
Distinguished Guests, the objective of the Bank’s monetary policy is to achieve price stability, defined as a low, stable and predictable level of inflation within the 3 – 6 percent objective range, in the medium term.