Driving inspiration mainly from the Supervisory Framework Rating Assessment criteria of the Office of the Superintendent of Financial Institutions (OSFI) of Canada, SBP has introduced an Institutional Risk Assessment Framework (IRAF) to enhance its supervisory vigilance by integrating and consolidating the information collated through its regular supervisory and surveillance mechanisms.
At today’s meeting, the Governing Council continued its comprehensive examination of monetary, financial and economic developments and assessed new evidence that has become available over the past few weeks. Our conclusion is that risks to price stability appear rather balanced. Against this background, the current level of key ECB interest rates is appropriate.