Whilst combating inflation is in sharp focus as it should be, we see that as just one element in the primary functions of the Bank to maintain price stability and to promote orderly and balanced economic development. That can only be done with closer links with the world of employers, trade unions, and other economic operators through their respective chambers and associations.
We are also establishing a process of continuing education and development for professional staff, aided by commercial banks. Consultants from another central bank are reviewing our organisational structure and practices. High on our immediate priorities is completing the implementation of Basel II with its risksensitive components in our supervision of banks.