The path is a sequential one while we build the traditional monetary tools as effective policy instruments. Within this framework, our’s monetary and financial framework is based on three main pillars: First, a robust and consistent monetary policy that ensures the equilibrium between supply and demand in the monetary market.
This system is the most appropriate for an economy that still makes intensive use of relatively liquid means of payment and has a relatively low bank penetration. Second, a managed floating exchange rate regime that enables us to weather situations of financial stress – that is, a regime that provides predictability.