*  *  *  Let me thank the Trinidad and Tobago Chapter of the Institute of Internal Auditors for their invitation to address you on the occasion of your 19th Anniversary. I am delighted for the opportunity, though the invitation reminded me that life is so full of contradictions.
In my view the most beneficial role of communication in fostering monetary policy effectiveness lies in improving medium-term to long-term predictability and credibility. And here, our explicit strategy must play the central role.