willem f duisenberg : why price stability? welcome speech by dr willem f duisenberg, president of the european central bank, at the first ecb central banking conference, held in frankfurt, 2 - 3 november 2000. * * * ladies and gentlemen, it is with great pleasure that i welcome you to frankfurt on the occasion of the first ecb central banking conference entitled “ why price stability? ”. this new series of conferences that starts today and will be organised every second year is the ecb ’ s contribution to a process of open interaction between economists concerned by central banking issues. the conference series should serve as a vehicle for signalling the role of the ecb as a key player in central banking, by bringing together researchers from leading academic and international institutions, including the european parliament, and economists from ministries of finance, central banks in the escb, accession countries and also from non - european central banks. one of its main purposes is to launch a process of exchanging views and information on topics that are highly relevant for the policy objectives of the ecb. the topic chosen for this first conference - why price stability? - is particularly relevant for the policy objective of the ecb. this is because price stability in the euro area is a fundamental obligation assigned to the ecb by the maastricht treaty. moreover, by maintaining price stability, monetary policy makes its best possible contribution to the achievement of a high level of growth and employment in the long term. an important feature of this conference series is that it welcomes the presence of the press. participation by journalists in this type of conference should provide them with additional background information on monetary policy issues. this should serve to enhance the public ’ s knowledge of policy - making at the ecb, as well as to further consolidate the ecb ’ s openness, transparency and accountability. last, but not least, the ecb conference series should make a contribution to economic literature through the publication of the conference proceedings in a book. it is also intended to publish even more extensive proceedings on the ecb ’ s website. less than a year ago we organised, together with the centre of financial studies at the university of frankfurt, the first large, open conference of the ecb on “ monetary policy - making under uncertainty ”. on that occasion, i had the opportunity to signal clearly our commitment to a continuous and active exchange of information between the ecb and the academic world. today, with a track record of almost two years of monetary

road map : monetary and financial sector policies for 2017 and beyond delivered by dr. indrajit coomaraswamy governor central bank of sri lanka 3 january 2017 1. introduction your excellencies, members of the so, let me warmly welcome you to the monetary board, deputy governors and presentation of this year ’ s road map. officials of the central bank, distinguished invitees, ladies and gentlemen, ladies and gentlemen, as you aware, the core objectives of the central bank are the attainment of economic and price the presentation of the road map is a stability and the maintenance of very important tradition that was financial system stability with a view to initiated by the central bank in 2007 and encouraging and promoting the this is the 10th statement in that tradition development of productive resources of that we are presenting today. it is our sri lanka. we attach the highest priority belief that sharing our policy direction to delivering collectively on the would make our policies for the medium - mandates given to us. the considerable term more predictable and transparent, resources of the central bank of sri and would help you in shaping your own lanka are focused on achieving these plans and operational modalities in the objectives on a sustained basis and on future. it will also ensure greater clarity performing the important agency and regarding our policies and actions. ancillary functions bestowed upon us in this context, we believe that effectively. harmonisation of purpose and better during 2016, we have implemented coordination among private sector and several proactive policy measures in public sector operations would enhance order to ensure economic and price the effective implementation of our stability. these policies have helped curb policies and measures, thereby helping demand pressures in the economy and to achieve our common development maintain inflation at a low level. at the goals. same time, we have introduced several policies related to the financial sector with the view of strengthening central bank of sri lanka – road map 2017 institutions and ensuring effective and to strengthen the delivery of credit to active markets as well as safe and sound the agriculture sector and to small and payment mechanisms. medium scale enterprises as well as the in addition to our core functions related to the key objectives i have just outlined, we have performed a number of agency and ancillary functions, thus contributing to enhance the overall performance of the economy. the central bank manages the public debt to ensure that the government's financing needs and its payment obligations are met at the lowest possible cost over the medium - to longterm, consistent with a prudent degree of risk. the