In fact, the price stability target is set based on the CPI for all items, not the core CPI. However, this does not mean that the degree of achievement of the target is assessed only by using the CPI for all items. To evaluate price developments, it is necessary to appropriately understand the underlying trend of price changes by excluding temporary destabilizing factors.
Some of these innovations hold considerable promise to reduce transaction costs and frictions, increase competition, and improve financial inclusion, but there are also potential risks. With technology driving profound change, it is important we prepare for the financial system of the future and not limit our thinking to the financial system of today.