I take this view for (at least) three important reasons. 10 First, asset price bubbles can be hard to identify. As a result, tightening monetary policy to restrain a bubble that has been misidentified can lead to weaker economic growth than is warranted.
The theme of this conference “Evolving Financial landscape: Strategies for economic Resilience” is indeed very apt and topical, and could not have come at a more opportune time than now, considering not only the needs of country, but the rapid changes that are taking place in the financial sector and the role it is expected to play in the evolving economic landscape.