This means that market expectations for monetary policy and the economy are embedded in market prices and interest rates. As a result, fluctuations in financial markets provide very useful signals about the future—they summarize the views of a multitude of market participants.
These reports are a central part of our accountability framework: Our Annual Report sets out what we did in 2017 – and how we fulfilled our responsibilities; Our Annual Performance Statement details our regulatory actions in 2017 – and our goals for 2018; and The Statement of Accounts – incorporated in our annual report – provide an overview of our financial operations.