First, central banks must strive to clearly understand changes in the environment and make constant efforts to review their operations. Central banks are decidedly practical institutions that perform banking operations.
As I said at the outset, in order to enable the public to use money with confidence and convenience, central banks must strive to provide high-quality central banking services by making full use of the fruits of technological innovation. Although monetary policy does not directly contribute to raising the productivity of the economy, central banks' banking services, such as settlement, do.