4  BIS Review 118/2008  providing access to collateralised lending operations to a wide set of counterparties against a broad range of collateral and on a large scale. Whether those features should become part of the regular operational framework or are introduced on demand in distressed market conditions, is ultimately the choice of each individual central bank.
And third, I will share insights on where we see the domestic economy is headed post pandemic. First, macroeconomic updates… At this point, I can report that the worst is over. While we’re not out of the woods yet, there has been progress as the economy gradually opens up from the strict lockdown in March to June to less stringent quarantine measures.