On this point, we have no intention to conduct monetary policy targeting the exchange rate. The objective of the Bank’s monetary policy is, obviously, to pursue the stability of domestic prices. It is true that, when a central bank takes accommodative actions, there is a tendency for its country’s currency to depreciate. This, however, is merely a general observation, ceteris paribus.
The plurality of players requires collaboration and coordination to develop a common strategy, avoid duplications and ensure that all issues are properly dealt with consistently. Actions have to be evidence based: Panel I dealt with this issue. Financial education should be tailored to citizens’ specific needs. Needless to say, young people and retired people have very different financial decisions to take.