2  BIS Review 45/2004  At the Central Bank, the recently passed legislations explicitly state that the Governor is solely responsible for managing monetary policy and supervision of the financial system. We have in place a Board of Directors drawn from a cross-section of the community - comprising presentation from accountants, trade unions, churches, businesses, and prominent individuals.
This Board is very vigilant and their statutory role is to ensure that the Governor performs his roles diligently and prudently in the conduct of monetary policy and supervision. Performance can be gauged from the achievement of the objective of monetary policy, which is ‘price stability’, as well as the soundness of the financial system.