Central banks have just one instrument to achieve price stability – the interest rate. It is difficult to counter a complex situation with this instrument alone. However, we have made good progress in stabilising the foundations of Monetary Union. The European elites did that too. But the people are clearly not happy with that.
To serve these purposes, we will issue the following policies: first, to reinforce capital structures in order to accelerate the consolidation process; second, to expand the role of foreign banks in the economy, third, to build the readiness of the banking system in anticipation of future developments in banking business; fourth, to strengthen bank internal management; and fifth, to improve the banking system infrastructure.