In view of this, my speech today carries the title “The Roles, Missions, and Challenges of the Central Bank”. I will spend about two thirds of my allotted time talking about what a central bank is and the remaining one third on the Bank’s most recent decisions; hopefully, this will enhance the public’s understanding of the decisions in a broader context.
The notable exception is a brief period in the early-to-  3  Hepp, R. and J. von Hagen, “Interstate risk sharing in Germany: 1970–1991”, Oxford Economic Papers 65, 2013, pp. 1–24. 4  Fecht, F., H.P. Gruener, and P. Hartmann, “Welfare effects of financial integration”, CEPR Discussion Paper 6311, 2007.