This will lead to more favourable conditions for all instruments used to finance the economy. Lastly, the easing of financing conditions also influences the exchange rate, although this is not an objective in and of itself. Where do we stand with respect to the programme’s implementation?
We have begun purchasing securities with no major difficulties, and the pace of monthly purchases is consistent with the stated target. The positive impact of our most recent measures on the financing of the real economy can already be seen.