This reflects that if the bank considers the project viable even at a reduced rate of interest, the initial pricing of loan was arbitrary and not risk-based. 4  BIS central bankers’ speeches  Asset-liability mismatch as a constraint for long-term bank finance to infrastructure 17.
Ref #7482042 v2.2  3  susceptible to a degree of central bank control. However, the extent to which intermediate targets were connected to the objective of price stability was subject to debate. 3 In the 1970s and 1980s, New Zealand had a very poor track record of price stability.