The usefulness of FinScope has been demonstrated during the preparation of the draft Financial Sector Strategy 2011– 2021, especially the chapter on financial inclusion. Information from the FinScope 2007 served as a basis from which new targets had to be set. One would probably argue that out-dated information was used, but at least planning was based on something.
In doing so, we were able to influence market views of our future interest rates, thereby reducing interest rates across the curve. Indeed, while economists tend to talk in terms of one natural rate, there is, in truth, a wide constellation of interest rates that are relevant for the consumption and investment decisions of businesses and households. Second, we introduced an asset purchase programme.