But, as any other Central Bank, I intend that the interest rates and reference rates set by the Central  BIS Review 62/2004  1  Bank and especially what the economists know as government bond yields should become a key tool in economic policy, despite their decline in recent years.
When you analyze, for instance, the management of other central banks, you see how they set a short-term reference rate on a monthly or two-month basis. This not only provides a further monetary policy tool that enables us to control inflation expectations but also serves as a benchmark for the financial system in the first place, and then for the private sector.