Indeed, the most significant accomplishment of the Bank has been the containment of inflation within the target range since September 2003. This does not imply that the other functions of the Bank are neglected. On the contrary, these remain crucial in the operations of the Bank.
Today we also release our Annual Economic Report which covers the broader aspects of the domestic and international economy that impact on many of the activities of the Bank. This address will highlight, where relevant, some of the salient economic developments which have affected our operations.