Overall, being responsible for monetary policy means that central banks have an intrinsic and deep interest in a stable financial system. It is therefore desirable that central banks also play a role in financial stability policies, both at the micro and macro levels. The reasons for this are manifold. Let me mention three.
At this time, inflation pressures had started to abate and by the end of 2010, the repo rate had been reduced to 5.5 per cent, by which time inflation had again started to rise.