According to the New Growth Path, the macroeconomic stance will be guided by “a looser monetary policy and a more restrictive fiscal policy backed by microeconomic measures to contain inflationary pressures and enhance competitiveness … The monetary policy stance will continue to target low and stable inflation but will do more to support a more competitive exchange rate and reduced investment costs through lower real interest rates.
This is the reason why we request the counterparties to provide us with market information and analyses useful in conducting monetary policy. We conduct market operations daily, and the results of these operations are a very important source of information for us in gaining insight into the counterparties’ assessment of our offers. Of course, this is not a one-way flow of information.