What I am saying is that it is very urgent that we cultivate our capabilities and build up our capacity now for internalization of issues in the global economy. Monetary policy is no panacea, but there is no denying that its content is changing very rapidly.
Simply put, I believe there is no proposition of greater priority to us than that of making a more competent central bank. Propositions carved in stone can rarely exist, but I deem this to be our calling in this era.