Today interest rates on dinar government securities are by around 7 percentage points lower (depending on maturity) than in May 2013 when we embarked on monetary policy easing. The dinar yield curve was extended to 10 years, with the interest rate of 4.80%, while in October 2014, when the ten-year dinar security was issued for the first time, it measured 13%.
Consequently, the objective of macro-prudential policy is, first, to detect and rectify financial anomalies that may signal excessive risk taking, and second, if a crisis does occur, to support and ensure the risk-taking capacity of the banking sector.