Future Conduct of Monetary Policy The Bank will persistently continue with the current powerful monetary easing in line with the recently clarified forward guidance for policy rates.
But the planned expenses are supposed to increase by 10 percent, and this is even before accounting for the ramifications of Operation “Pillar of Defense” with the Ministry of Defense. I would not want to trade places with the person who will need to explain to some of the public that “we promised, but we didn’t promise to carry it out”.