If you accept the idea that money is neutral in the long run, then efforts to use monetary policy to offset such permanent shocks and to close what appears to be a gap will likely be ineffective and perhaps even counterproductive. The real economy must ultimately adjust to such permanent shocks.
My speech today will focus mainly on consumer protection as the Ministry of Finance is going to present our collective strategy on financial literacy. BIS central bankers’ speeches  1  Director of Ceremonies, Ladies and Gentlemen, Let me inform you of the role of the Bank of Namibia on consumer protection issues arising from financial services providers falling within its purview.