If we do not use the best analytical tools available, and place these tools in the hands of highly trained and motivated supervisory personnel, then we cannot hope to supervise under our basic principle -- supervision as if there were no safety net.
Since the beginning of March, we have also been reducing the assets held in the monetary policy portfolio at a measured and predictable pace, through the partial reinvestment of the principal payments from maturing securities. This was intended to ensure that the contribution of this monetary instrument is also aligned with the monetary policy stance implied by the key interest rates.