On July 31, we set out our first quarter review of the annual policy and you are all aware of the response of financial markets and the banking and financial system to our announcement.
Furthermore, distinguished ladies and gentlemen, you will agree that it’s about time the country had a well-developed and functioning interbank market which would provide an enabling environment for funds of any quantum to flow between and among banks on the one hand, and their customers on other hand; and at the same time lending a hand to the monetary policy transmission mechanism.