10 And structural policies have to be stepped up so that policy support can accompany the wide-ranging changes that the pandemic will bring, such as an accelerating spread of digitalisation and a renewed focus on climate issues.11  The outlook for monetary policy So what is the role of monetary policy in this response?
Meanwhile, the amount outstanding of CP issued continues to be at a high level, significantly exceeding that of the previous year, due to the generally favorable environment for issuing CP. The growth rate of money stock (M2 + CDs) in October remained relatively high while the rate declined slightly from the previous month.