I can only say that the element of ambiguity was deliberate because it was unavoidable. (iii)  Monetary policy stance – close to normal or closer to normal? 23. Let me give you another illustration of how we agonize over how every word might be interpreted.
In the mid-quarter review of September 2010, as part of the forward guidance, we had said: “the Reserve Bank believes that the tightening that has been carried out over this period has taken the monetary situation close to normal”. 24. There were two communication dilemmas here. The first was whether we should say “close to” or “closer to”.