Giving due consideration to the private sector movements allows for more focus on household and company savings and investment decisions, which can reflect on prices in the long term.
For this reason, the introduction of private M2 quarterly estimates is a new concrete step towards the adoption of sophisticated monetary analysis that combine predictability for decision making with the flexibility needed for an optimal money market response to changing scenarios. Thus, the monetary market will continue to mitigate the negative impacts of the external crisis instead of spreading economic imbalances.