If the central bank announces its interest rate rule – either explicitly or through its actions and stance – and traders are convinced of its commitment to follow that rule, then the standing facilities are options that are good not just until the next intervention or the next meeting of the monetary policy committee (MPC), but for much longer than that.
Similarly, in these times of financial uncertainty and risk, the importance of educating our people about the advantages of Life and Non-life insurance products cannot be underestimated. In our country even so called financially educated people, including many of us, still look at insurance, at least partly, as an investment avenue.