At the end of the day, monetary authorities always work in an uncertain environment and have to take “risk-adjusted” decisions. And central banks should not underestimate the potency of monetary policy.
Anselmo L S Teng: Corporate governance in the financial sector Welcome speech by Mr Anselmo L S Teng, Chairman of the Monetary Authority of Macao, at the FSI-SEANZA regional seminar on corporate governance for banks, Macao, 22 April 2008.