Continued importance was also attached to ensuring that non-wage labour costs for employers remained low. In many other countries these are high and are widely recognised as inhibiting employment growth. More generally, there was a concern to foster an environment favourable to business development and growth.
Climate change has macroeconomic and financial implications and consequences for our primary objective of price stability and our other areas of competence.4 We will contribute to fighting climate change in line with our mandate. We have already started this process and we will continue to do more.