Against this background, let me turn to the main features of CORE that I mentioned at the beginning of my talk, and allow me to explain how these relate to our practical policymaking. 2 Evidence-based policymaking Financial stability is a relatively new designated policy area.
The temporary change in the remuneration ceiling for government deposits gives government deposit holders extra time to undertake a smooth and gradual return of their deposits to the market. From the ECB’s perspective, it remains the case that encouraging market intermediation of these deposits remains desirable in the long term.