Similarly, the adoption of the crawling band exchange rate regime in 2005 and the subsequent public announcement of its key parameters, the coefficients of the basket currencies and the annual rate of crawl, have contributed to stability of the inflation-adjusted exchange rate. It was also key to the success in achieving the inflation objective.
An aggregate “MUNFI” measure of the assets of other financial intermediaries (OFIs), pension funds and insurance companies grew by 9% to $ trillion over the past year, and now represents about 40% of total financial system assets in 20 jurisdictions and the euro area. ii.