2  -4Same Risk, Same Regulatory Outcome The recent turbulence and losses among retail investors in crypto highlight the urgent need to ensure compliance with existing regulations and to fill any gaps where regulations or enforcement may need to be tailored—for instance, for decentralized protocols and platforms.
Just three weeks ago, the Bank decided to leave the policy rate unchanged. We said at the time that while less monetary policy stimulus will likely be required over time, Governing Council will be cautious in making future adjustments to the policy rate.