However, this was not the case and the Bank had to clearly and repeatedly communicate that the existing stance is being continued. Later on, the Bank further tightened its monetary policy. It must be understood that quite often, liquidity management can drive the market interest rates away from the direction desired under the monetary policy stance.
Full standardisation of the dispute resolution process in the financial markets could only be reached if states would transfer part of their jurisdiction to an international court on the basis of a treaty. At this moment there is no initiative to prepare a treaty like this, nor is there any indication that enough states would be willing to adhere to it.