First, with regard to the outlook for prices toward the latter half of the projection period, I proposed to change the current expression that the year-onyear rate of change in the CPI “is likely to reach around 2 percent – the price stability target” to a new expression that “the rate of increase in the CPI is expected to rise moderately”.
Director of Ceremonies, Chairman of the OMFIF Advisory Board, Co-Chairpersons of OMFIF, the Forum’s Award Jury, fellow Governors, Distinguished Ladies and Gentlemen, I end by reiterating my eternal gratitude for the generous acknowledgement of my work, as evidenced by the conferment on me of the Official Monetary and Financial Institutions Forum’s Lifetime Achievement Award. I embrace it. Thank you for your attention.