The prevalence of weak institutions and poor corporate governance as well as poor ethical standards in most public and private organizations, hinder the attainment of the goals of economic policies in the country. Poor corporate governance has adversely affected the quality of institutions to the extent that public and private institutions are used for selfish interests, thereby, making regulation and law enforcement ineffective. iv.
Challenges to Address in Continuing to Pursue Monetary Easing There are two important challenges to address in resolutely continuing with the current powerful monetary easing. The first is to maintain public confidence in the Bank's monetary policy, even under prolonged monetary easing, by further clarifying its future policy stance that aims at achieving the price stability target of 2 percent.