It said, in effect, “one Bank; one policy; one voice”. Secondly, the number of public speaking engagements was kept limited, but unspecified, with the Quarterly Bulletin, the statement on foreign reserves and the annual Governor’s address to shareholders of the Bank being the only documents whose release could be announced in advance.
Market participants could, therefore, be assured of a comprehensive set of data, set out in accordance with the highest international standards, in the Quarterly Bulletin and the statement of foreign reserves; and would be guided by the Governor’s address on matters pertaining to exchange rate, reserve management and over-arching monetary policy. Additional information was made available on a discretionary basis.