•  Finally, let us take action where we are clear of what we should do. Often, we know what we need to do. Even overseas analysts tell us what we already know. But unfortunately, we take our time getting those things done. I believe that we are now in a situation that we must act.
Since the start of the crisis, we have therefore achieved a level of trust and cooperation within the central bank community that some would have considered unthinkable a couple of years ago. •  Governments across the globe have resolutely taken the necessary measures to stabilise financial systems and respond to diminishing growth prospects.