The banks are able  BIS Review 121/2007  5  to do this primarily on account of the confidence of the customers in the bank concerned and in the banking system, as a whole.
(Staff as presenters)  (Staff as advisers)  (Staff not present)  We begin with information pooling, which flows through to MPC deliberations, and culminates in the final decision making meeting. As you can see, the policy-setting framework is highly collaborative and deliberate.