Then in April, we changed course, firstly by ending net purchases under PEPP, followed three months later with ending net purchases under APP. 1/2  BIS - Central bankers' speeches  In July, we raised our main interest rates for the first time in about a decade.
The initial focus of the IFRS will be on climate standards, while allowing for interoperability with individual jurisdictions' frameworks, that may go beyond climate-related impacts. Consistency in one-way disclosures would provide a needed avenue for accurate and appropriate risk assessment and comparability to assess investment decisions. Simultaneously, the IFRS standards are intended to provide flexibility for national authorities to build on the baseline.