Moreover, there are three conditions that will have to be met before the Governing Council feels sufficiently confident that a tilt in our policy rate is appropriate. All the three conditions are meant as safeguards against a premature increase in interest rates. Finally, any adjustment to our policy will be gradual. Conclusion Let me conclude.
It is hoped that this publication will serve as a ‘melting pot’ in which this purpose may begin to crystallise. Through publications such as this new series, Labour Markets and Social Frontiers, the Bank aims to facilitate a number of objectives.