Follow-through monetary action aimed at nipping inflation in the bud and ensuring credibility as an inflation-targeter Now, going back, what was the consideration for doing [raising the policy rate by] 25 bps [at our latest policy meeting] when we've already done 400 bps [in cumulative policy adjustments]?
In fact, the 400 bps already puts us at the top of the list [of central banks that have raised their policy rates]. The reason is we really want to make sure that our credibility as an inflation-targeting central bank, after all of this, will remain solid and widely respected.