The Reserve Bank has also convened Monetary Policy Forums, which as the name suggests, provide a forum for open discussions on monetary policy and general economic developments. The MPFs are held twice a year in the major centres of the country and engage with labour, business, community and other organisations.
Real activity has become less volatile; moreover, inflation is lower and, as long as we at the Federal Reserve do our job, more predictable. 12 The huge inflow of foreign saving into the United States, undoubtedly, also has been important.