In addition, the compulsory nature of participation implies that you should not only look at private returns, but also try to take social returns into account, as society as a whole has given you the mandate to raise your funds. In this light, I applaud the recent initiatives that discourage socially irresponsible investments. My final message is more of a provocation to you all.
On the whole, because the banks have very strong balance sheets, financial stability was never a constraint in our use of the policy rate to quell inflation.