It has enhanced the operations of the capital market by introducing new approaches to liquidity management for financial institutions and other firms as well; CMMB has also made a contribution to expanding financial education and through its research activities, has helped investors understand capital markets better. This morning’s occasion marks another important initiative from CMMB.
The introduction of a Composite Leading Indicator of developments in our economy will add an important piece of information to our statistical base. This indicator represents an enhancement of the information set available to analysts, market practitioners and other decision makers including the Central Bank. Accordingly, I warmly commend CMMB’s efforts.