At Head Office large projects aimed at enhancing the existing infrastructure have been completed. These include the replacement of carpets, modernisation of lifts and maintenance of the air-conditioning system. The upgrading of the fire protection and evacuation systems, and the project to improve accessibility for people with disabilities are under way.
Monetary policy rules usually derive their policy recommendations from a very narrow set of economic indicators only. In many cases they rest heavily on the output gap and the equilibrium real interest rate, which, as I have pointed out, are potentially very unreliable concepts at the present juncture.