The BSP strongly encourages the TOAP’s efforts toward the improvement of the skills of trust professionals and the enhancement of systems that will allow member-institutions to be more responsive to the needs of the investing public.
The short-term benefits should not lead us to overlook the long-term costs and the severe side effects. These costs and side effects can be quite high, and they tend to grow over time. Thus, a comprehensive asset purchase programme, such as the current one, should only be used to fight a real risk of deflation.