If we are upgraded to the category of “free floater”, this would mean a continuation of our policy of limited intervention and would imply a greater role to the market in managing the exchange rate.
Overall, a number of factors suggest that employment gains may be modest during the early stages of the expansion. The outlook for the economy and policy I return now to the outlook for the economy and policy. As I noted, I expect moderate economic growth to continue next year. Final demand shows signs of strengthening, supported by the broad improvement in financial conditions.