He was elected to the firm's policy board in 1984.

The staff's findings are to be reported to the policy board at the April 7 meeting.

The time limit would be determined by the policy board.

The central bank's policy board meets next on Sept. 11 and 12.

He knew the men who sat on the Policy Board.

The central bank's policy board will meet on Oct. 30.

Two years ago the policy board rejected the foreign player rule it moved to accept today.

"I cannot confirm we will cut the discount rate because that decision has to be made by the bank's policy board," he said.

The announcement came after a two-day meeting of the policy board.

The decision by the bank's policy board, which ended a two-day meeting had been widely expected.