While the package of  BIS Review 146/2008  7  measures has had some positive effect, the challenges still remain as the global uncertainties continue to persist. The Reserve Bank will continue to closely monitor the developments in the global and domestic financial markets and will take swift and effective action as appropriate.
These are the reasons that make almost superfluous my wish for some stimulating discussions over the next day and a half and a very productive workshop. Thank you for your attention. 4  BIS central bankers’ speeches