It might explain why the Central Bank’s founding legislation made it clear that our “constant and predominant aim shall be the welfare of the people as a whole"6. The original statute was focused on the provision of credit.
And while steering credit is central to what we do – be it through monetary policy and interest rate decisions, macroprudential policy like the mortgage measures and capital buffers, or requirements to protect consumers when they borrow – the work of the Central Bank goes well beyond credit.