The SAARCFINANCE initiative, now more than 14 years old, has been instrumental in providing a platform that enables knowledge-sharing across the SAARC region and allows for discussion and debate amongst the region’s premier economic decision makers. Let’s move on to the subject of the seminar now. Central banks are often synonymous with monetary policy. And why shouldn’t they be?
Significant monetary policy stimulus remains essential to support the further build-up of domestic price pressures and headline inflation developments over the medium term. This will be provided by our forward guidance on the key ECB interest rates, reinforced by the reinvestments of the sizeable stock of acquired assets.