The monetary policy framework—the inflation target working in concert with a floating exchange rate— will continue to be fundamental in facilitating the adjustments that businesses and individuals are making to deal with changes in the global economy. The Bank is constantly working to improve its research and analysis, as well as its conduct of monetary policy.
Honoured guests, ladies and gentlemen, it is with great pleasure I declare open the BNP Paribas office in the Bahrain Financial Harbor. May I wish the bank a successful and prosperous evolution and continued close association with the development of Bahrain as the leading international financial centre of the Gulf region. BIS Review 161/2008  1