Again, this is a debate that defies clear cut resolution. At one extreme are people who claim that the financial system, at its heart, is about trust. Nowhere is this more true than in banking. The word credit derives from the Latin word credere, meaning to believe. Billions, indeed trillions of financial transactions take place everyday, and all of these are based on trust.
The Council is unanimous in its commitment to ensure that financing conditions remain favourable to support economic activity and counteract the negative impact of the pandemic on the projected inflation path.