The record of the past twenty years appears to underscore the observation that, although pressures for excess issuance of fiat money are chronic, a prudent monetary policy maintained over a protracted period can contain the forces of inflation.
To complement the changes under the new monetary policy framework, the Bank issued a disclosure policy which requires banks to publicly disclose in a press statement, any increase in interest spread above 4 percent. 4  BIS Review 152/2010  Additionally, the banks will be required to publicly disclose a base lending rate, which will serve as a reference rate for customers.