The Bank will continue to focus on bringing inflation down to within the inflation target range. The objective of the Bank remains to achieve and maintain low inflation in the interest of sustainable economic growth. During times of global financial market instability it is even more important to maintain vigilance over the payment system, domestic financial markets and the banking system in particular.
After the successful implementation of Basel II, the Bank will continue to monitor closely the domestic banks not only with respect to the possible impact of global developments, but also to the impact of tighter credit conditions on indebted households and firms. Staff development will remain one of our strategic objectives.