While supporting the economic recovery through expansionary macroeconomic policy, we will also need to strengthen our targeted support for vulnerable groups severely affected by COVID19, so they can recover even a bit more quickly. We must devote more efforts to preparing ourselves for the post-corona era as well.
Hence monetary policy must be transparent. The BOU must explain its monetary policy to the public and try to guide inflation expectations through clear indication of its Central bank rate decision, the underlying reasons for that decision and convincing the public that the decision taken shall deliver the publically announced inflation target.