But these policies have to be evaluated carefully in light of both potential benefits and costs. In my short remarks today, I have only been able to highlight a few issues on forward guidance. I fully agree with Christine Lagarde.
The monetary policy strategy should always evolve in a way that best serves our mandate. [18] Since our strategy has been in place since 2003, it may be worth collecting lessons from the financial crisis and the more recent past at the appropriate time.