In a fully-monetized economy like ours, with our very heavy reliance on bank finance, the operations and decisions of the MPC exert considerable influence on the life of the average citizen as on the activities of all economic operators. The governance of the MPC itself is key to the smooth operation of the economic machine.
I reiterate the sentiments expressed at the start of this workshop that this should not be a one-off exercise. We should leverage the momentum that has been built and maintain it even when the bank resolution framework has been reviewed and finalised.