When people are financially included and realize their stake in national prosperity, they are empowered to make better, informed choices when it comes to their financial welfare and future. In turn, they are able to make sound decisions that raise their productivity and standard of living.
We are committed to using our policy interest rate to return inflation to target and will do so forcefully if needed. Increases in the Bank’s policy rate raise the interest rates on business loans, consumer loans and mortgage loans—and they increase the return on savings.