As outlined above, policy-makers have a number of instruments available to tackle macroeconomic imbalances and to respond more efficiently to regional-specific shocks that will inevitably occur from time-to-time. The effective use of these tools should minimise the impact on the economy of the loss of monetary and exchange rate policy.
Earning an income has many sources. [(Optional and can be left out) Let me tell you a story about a 10-year boy who lives in a village called Zutapate in Dovele, Vella La Vella. This is a true story that our Deputy Governor learnt while he was having his holiday there recently. Let us call him Johnny.