We will also increase our firm-specific engagement with low-impact firms, including intermediaries and debt management firms. Further work will be done to strengthen consumer protection code requirements, including for variable rate mortgage holders, as well as carrying out an examination of the impact on consumer outcomes of commission payments to insurance intermediaries.
Today, before exchanging views with you, I would like to explain the Bank’s view on the current situation and outlook for economic activity and prices as well as effects of the QQE, in part by referring to the Outlook for Economic Activity and Prices (Outlook Report) released at the end of October. I.