As a result, households and firms will have to shoulder a different kind of burden and the inflation rate will be even lower once the cost-push factors have abated. The Bank aims to achieve the price stability target of 2 percent in a sustainable and stable manner, accompanied by wage increases.
One reason is the complexity of the concept of financial stability and the challenges faced in specifying the associated policy objective in explicit terms. Another reason is that the powers and policy instruments necessary for the preservation of financial stability may be shared with other authorities.