It is, nevertheless, important to recall that there are clear limits to the use of negative deposit facility rates as a policy instrument. First, there is always the possibility of hitting the limit where the preference for cash withdrawals would set in, even if the threshold seems to be significantly distant in view of the costs of cash storage, safety and insurance 21.
Well-coordinated and more concerted efforts are needed to mitigate and manage risks associated with climate change. SBP will continue to analyze climate-related risks and opportunities and devise mechanisms for ensuring effective supervisory role to achieve a sustainable financial system in Pakistan. I wish you interactive and productive sessions ahead. Thank You! 3/3  BIS - Central bankers' speeches