Because of this potential assistance from macro-prudential policy, there may well be situations where monetary policy seeks the support of macro-prudential policy, just as it may seek the support of fiscal policy (section 10 of RBNZ Act). But macro-prudential can only be used to assist monetary policy if it is also consistent with its primary financial stability objective.
* * * Dear guests and distinguished speakers: A sincere ‘thank you’ for joining us at the yearly Lithuanian economics conference organised by the Bank of Lithuania. This marks our third annual economics conference. The first one tackled income inequality.