The second component is an inflation-overshooting commitment. Under this commitment, the Bank continues expanding the monetary base until the year-on-year rate of increase in the observed CPI (all items less fresh food) exceeds 2 percent and stays above this target level in a stable manner.
Boštjan Vasle: Speech – Slovenian Bankers' Day Speech by Mr Boštjan Vasle, Governor of Bank of Slovenia, at the Slovenian Bankers' Day, organised by the Bank Association of Slovenia, Ljubljana, 24 November 2021. *** Ladies and Gentlemen, My greetings to you all!