The effectiveness of these enhancements to the governance framework will in part be determined by the quality and independence of the economic analysis that underpins them. Without reliable statistical data we cannot be certain that the governance framework will provide the quantum leap forward that is necessary.
This is the single most important contribution to demand management and macroeconomic stability that you can ask of your Central Bank. Indeed, the Bank’s primary statutory mandate is to maintain price stability. Along with this mandate, the Bank is responsible for promotion of a safe and sound financial system as well as efficient payments infrastructure.