Although the risk of a resurgence of COVID-19 remains, the pandemic, after three years since its outbreak, is finally becoming a thing of the past. At the same time, I would like to reiterate that uncertainties surrounding economies and financial markets at home and abroad have become extremely high.
Today, domestic and international, scal and monetary, macro and micro prudential policies are positively reinforcing each other including across borders. These signi cant actions of governments and of central banks – have been critical in stabilising our economies.