Looking ahead, we will be monitoring the effects of our policy actions, along with other information bearing on the outlook, as we assess the appropriate path of the target range for the federal funds rate. Of course, if developments emerge that cause a material reassessment of our outlook, we would respond accordingly. Policy is not on a preset course.
Apart from having built up a significant capital base reflected in the capital to risk-weighted assets ratio (CRAR) for the sector of 12%, specific steps have been taken to meet the interest rate risk. First, separate provision for capital against market risk has been introduced.