Personally, my life-long career in policymaking has provided me with plenty of experience in attempting to predict the next wave and to position our own small economy to profit from it by purposeful actions. Unfortunately, these days, as the wag put it, it is difficult to make forecasts, especially about the future!
This morning as I stand in front of an audience comprising largely members of the accounting profession, I intend to remain firmly in the shoes of the central banker. I propose to tell you how we have surfed the waves during the recent crisis.