But theory combined with measurement is at least a crude guide. And as we observe disinflation across a number of advanced countries, the message from theory is that monetary policy should work to counter “bad” disinflation stemming from weak demand, but look through “good” disinflation from increased competition and improved productivity.
The CBB issued yesterday a white paper for consultation on a Regulatory Sandbox for Fintech in which new companies can test their Fintech solutions. We will also issue by the end of next month draft rules for consultation on crowdfunding platforms for both conventional and sharia compliant services. We will also release soon our new directives on cloud computing.