This is probably a moment to recall the commitments we all made in the G20 meetings in Australia last year, as we agreed on the goal of an additional rise in global GDP of 2 per cent over five years. Those commitments were not actually about monetary policy; they were about other policies.
It will be important this year, after one of the five years has passed, to see whether we are all making good on our various promises. More generally, actions which promote entrepreneurship, innovation, adaptation and skill-building, that reward “real” risk-taking, while providing a stable macroeconomic environment and a well-functioning financial system, will best support our future wellbeing. Thank you.