But when it comes to the presentation of our annual accounts, the central bank balance sheet and thus the profit and loss account are, of course, very much influenced by monetary policy. 3 Monetary policy And that brings me to economic developments and monetary policy.
The pace of economic growth has edged down in many (but not all) Latin countries from high rates in 2006 and early 2007. The latest International Monetary Fund (IMF) forecast, however, continues to project solid rates of growth this year and next in most Latin American countries.