The Honourable Minister of Finance and the Economy is expected to lay the Insurance Bill before a Joint Select Committee of Parliament before the end of the year. Other regulatory reforms relating to the credit union sector and private pension funds are currently being addressed as the respective pieces of legislation are substantially complete.
This is expected to amplify the process of buoying the economy, which was triggered by a decline in the expected real interest rates, and lead the actual rates of inflation close to the price stability target of 2 percent (Slide 19).