Monetary Policy With regard to monetary policy, the Bank decided to introduce a new fund-provisioning measure, through which it provides funds to financial institutions against investment or loans they make to address climate change based on their own decisions.
Over time, the return of the economy to full capacity should support faster growth in wages. Market-based measures of longer-term inflation expectations have remained broadly stable at rates just below two per cent since our last monetary policy meeting. The latest survey-based measures stand at around two per cent.