Not exact matches
Others
thought my suggestion that the House Finance
Committee pay closer attention to monetary policy risked the
central bank's independence.
Vlieghe told the
committee: «I'm never confident of any forecast, and I
think the big thing that we risk missing here is that every time there is what we call a forecast error — which means the outturn is different from the
central projection — to
think that «Well if only we'd had a better model we wouldn't have made that forecast error.»
However, more formally (and democratically), the Statement on the Conduct of Monetary Policy requires that the Governor and other senior
central bank officers appear before a parliamentary
committee twice a year to explain their
thinking and actions on monetary policy.
Steve was an elected member of Kowloon City District Board (1982 - 1991); a member of the Hong Kong Basic Law Consultative
Committee on the work of promulgation of Basic Law (Hong Kong Law Mini-Constitution)(1985 - 1998); a member of the Hong Kong Government
Think Tank
Central Policy Unit (2005 - 2008); and a member of numerous Government Administrative Tribunal and Appeal Boards (1992 - 2012).