Clearly, the present degree of accommodation – as gauged by nominal and real short-term interest rates and the size of our balance sheet – is extraordinary, and we will have to take account of how that is influencing spending and inflation expectations when deciding when and how fast to tighten.
Further, SBP also encourages its employees to gain international certifications like the CFA, to boost their professional capacity. I am confident that the steps taken by the SBP to promote financial literacy and inclusion and capacity building of the banking sector professionals will be highly useful in creating a professional, sound and vibrant financial culture.