An analysis by sector has not however been conducted so we are unable to say what proportion of this impact would borne by the tourism sector. Exchange rate changes Meanwhile exchange markets have been dominated by declines in the US dollar.
As a practitioner, it still feels to me like we are adding various rooms onto a house we love, rather than creating a new, elegant and coherent structure. We need to make sure there’s enough flexibility and clarity about the role of financial stability in our monetary policy framework.