The prominent role assigned to money in the strategy provides a nominal anchor which helps to cement the credibility of our commitment to price stability and to underpin the medium-term orientation of our policy. The key principles I have listed are also embodied in the Eurosystem’s operational framework for the implementation of the monetary policy.
These would include: i.  Divestment of Government’s shares in PSBs. Given the present level of government shareholding in these banks which ranges from 58 per cent to 89 per cent, there is substantial ground for raising equity from the market without diluting the public sector character;  ii. The roles and responsibilities of the Boards of PSBs could be reviewed.