Monetary policy framework and objectives The changes made to the monetary policy framework are meant to enhance policy formulation in support of the objective of achieving a sustainable, low and predictable level of inflation. Additional factors are now considered more systematically to assess the future path of inflation, indicators of domestic demand and inflation expectations.
The center of gravity in the global economy is shifting from west to east and this finds expression at the international agencies as well. These entities engaged, for example, in developing systematic bankruptcy mechanisms for insolvent banks, mechanisms for the approval of senior executives’ remuneration, etc.