The “person on the street” is directly or indirectly affected by what the Bank does, and is therefore also interested in what it says and does. Here the role of the press is critical, not only for reporting directly what we have said, but also for interpretation, as the interpretation given by the press can become the conventional wisdom.
The tightening of bank regulation under Basel III, for example, would hardly have been imaginable without the political support of the G20. It’s now all the more important that these achievements are not given up. 4/6  BIS central bankers' speeches  Open markets and a competitive economic system are the pillars on which the prosperity of our economies rests.