The purpose of this package is to further enhance monetary easing, and I personally felt that first of all it was important for the Bank to announce a change in the guideline for money market operations and clarify the Bank’s commitment regarding the time horizon based on the “understanding of medium- to long-term price stability” (hereafter the “understanding”).
In doing so, we will need to focus on safeguards to ensure that the integrity and safety of the financial sector is not threatened. But above all, the cost of financial services should decline to encourage financial inclusion and reach at all corners of the country.