work, volcano, translated into spanish. i will also point out that volcano was her winning entry back in 2004, which goes to show that entering and winning the fcle has legs. moreover, as we continue to innovate and digitise, the orange economy presents opportunities for leveraging technology. e - books, audiobooks, and online platforms can 1 / 2 bis - central bankers'speeches amplify our voices even more, reaching audiences far beyond our shores and turning creativity into a sustainable livelihood for our artists. tonight, i extend my heartfelt congratulations to all of this year's finalists and winners. to those who may not walk away with an award, let me encourage you : the act of putting your work out into the world is itself an achievement. perseverance, discipline, and a commitment to your craft will bear fruit. to all writers here tonight, i say this : you are custodians of our stories, ambassadors of our culture, and architects of our identity. keep writing, dreaming, and daring. the fcle exists because of you and for you. to our dedicated committee, which as i mentioned earlier, is led, and ably so, by dr. yvonne weekes, your vision and hard work continues to instrumental in the competition's success. your efforts ensure that the fcle continues to uphold its high standards and remains an inspiration to barbadian writers. and to you, the audience, thank you for showing up for these artists and their work. your encouragement helps fuel their creativity and strengthens our literary culture. may we all remember that by supporting the arts, we are investing in a richer, more vibrant future for barbados – one where our stories are not just told, but celebrated. so, as we honour the finalists and winners of this prestigious award, let us also commit to championing our writers and the creative sector as a whole. let us recognise that investing in the arts is not a luxury but a necessity for national development. as we look to the future, i am confident that the frank collymore literary endowment will continue to thrive, offering a platform for exceptional talent and fostering a deeper appreciation for the written word. here's to another year of literary brilliance and to the enduring power of storytelling. congratulations once again to our winners and participants. thank you, and enjoy the rest of the evening. 2 / 2 bis - central bankers'speeches

orientation of monetary policy, i have reached the conclusion that the current monetary policy stance is appropriate at the present juncture. v ladies and gentlemen, let me now try to summarise the main features of the interdependence between monetary policy and financial markets : · central banks need well - functioning financial markets. they work as the crucial link between monetary policy - setting and its ultimate goal, price stability. disintermediation further heightens the importance of financial markets in the transmission mechanism of monetary policy. therefore, monetary policymakers need to analyse structural changes in financial markets thoroughly. · central banks acquire information about the expectations of financial market participants by monitoring financial market prices. they cross - check their own forecasts against these data. · finally, in order to avoid misperceptions of the policy stance in the markets, there has to be a consistent communication policy. with capital markets integrating and habits in the fields of finance and investment changing, as central bankers in the euro area we have now entered a period of heightened uncertainty. the ecb has opted for a monetary policy strategy that anchors the markets ’ expectations of future price stability. the twopillar approach to assessing the outlook for prices is appropriate in times of structural change, as it is not only credible, but also highly flexible. financial markets therefore have a reliable partner in the eurosystem – one that is well equipped to meet current and future challenges.