Chair, Members of the Committee, My colleagues and I welcome this opportunity to once again appear before this Committee. Given the special hearing that was held in December, I thought it would be most useful to focus my introductory remarks on our updated economic outlook and the conclusions of the Reserve Bank Board meeting earlier this week. The Economic Outlook: In terms of the economic outlook, I will start with the global economy, where there has been both negative and positive news recently. On the negative side, renewed outbreaks of the virus late last year have interrupted the economic recoveries in many … (full story)
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