Since we have more difficulty than advanced economy central banks in forecasting the economy, attempting to carry out this policy is a great challenge to us, and this is another reason why the urgent need to develop our economic forecasting ability is materializing.
I have raised these issues, of course, to stress the importance of a good understanding of the relationship between the two major objectives that a central bank seeks to achieve – price stability and financial stability. Over the last year, consumer price inflation has not reached the lower limit of the inflation target range.