More specifically, the PBC issued the taxonomy of green bonds and green credit in 2015 and 2018 respectively. And we are about to finish the revision of the Green Bond Endorsed Project Catalogue, which would remove fossil fuel projects.
They include further increases in oil prices, a stronger pass-through of past oil price rises into consumer prices than currently anticipated, additional increases in administered prices and indirect taxes, and – more fundamentally – stronger than expected wage developments.