During this period, there was a general move away from direct controls and quantitative restrictions and ceilings to the targeting of monetary aggregates in the context of more liberalised financial markets. Interest rates became the main instrument of monetary policy, and during the 1990s the trend moved away from a focus on intermediate targets to targeting inflation directly.
In addition, as demand increases and opportunities open up, I know that increasing numbers of you will wish to form your own networks abroad, so that you can complement our efforts here with what you may glean from other sources of expertise.