Similar items may fetch widely different prices at different auctions. An alternative economic approach to determining fair value is to establish the cost of the item to be traded, and a fair profit for the trader.
In this regard, the Bank decided at the Monetary Policy Meeting (MPM) held last month to continue with monetary easing. Meanwhile, at the December 2022 MPM, the Bank modified its conduct of yield curve control in order to improve market functioning while maintaining accommodative financial conditions. The modification was done with the aim of enhancing the sustainability of monetary easing under yield curve control.