11  See U.S. Securities and Exchange Commission (1988), The October 1987 Market Break: A Report by the Division of Market Regulation, U.S. Securities and Exchange Commission (Washington: Government Printing Office, February); and U.S. Commodity Futures Trading Commission (1988), Follow-Up Report on Financial Oversight of Stock Index Futures Markets during October 1987 (Washington: CFTC, January).
At this stage, I do not want to speculate about the possible consequences of yesterday's developments in financial markets on economic and monetary developments. We will have a first discussion on this issue tomorrow, at the meeting of the Governing Council.