Protracted excessive deficits may undermine the credibility of the EU fiscal framework, thus casting doubts on fiscal sustainability and jeopardising the Stability and Growth Pact. In this respect, let me say that the current crisis has taught us an important lesson about the importance of preserving the public’s trust in the soundness of public finances.
Therefore, deposit rate ceiling policy not only helps rein in excessive credit growth and mitigate inflation pressure and non-performing loan risks, but also guide funds into capital market to promote capital market development. v.  Actively push forward financial derivatives transaction with a purpose of providing commercial banks and customers with hedging instruments during interest liberalization.