The Financial Literacy Working Group was one of three working groups set up under the Taskforce and was mandated to look into and develop strategies to strengthen and build financial literacy. In its first meeting in 2010 this Working Group identified three key areas of focus.
First, aiming at achieving 0 percent inflation entails the risk of actually aiming for deflation, given the upward bias of the CPI. Second, the equilibrium interest rates -- which are achieved in the long run -- tend to be lower on a nominal basis when the aim is 0 percent inflation.