Advancement of monetary policy tools  Let me begin with changes in the ways in which the Bank supplies funds to financial institutions by extending loans and executing money market operations.
It is this underlying philosophy that has guided us in execution of our mandates that I will now turn to. First, stability of domestic prices creates an environment of certainty. The market formulates long term solutions based on this certainty. When there is uncertainty, the market develops a waiting option and slows down economic activity. A waiting option is not sustainable.