1  2  The DLT Pilot Regime will temporarily lift some regulatory requirements and will allow financial market institutions to experiment with the supply of trading and settlement services using the DLTs.
The empirical evidence also indicates that pass-through from exchange rates to import prices is low and has declined markedly over the past two decades. This evidence suggests that there may be a weaker relationship between exchange rate fluctuations and nominal demand than prevailed in the past, which may make it easier for monetary policy to stabilize inflation and real activity.