Macroeconomic Policy
Monetary policy
Our strategic statement: we need to be among the countries with the best monetary policy strategy.
Achieving this goal, we will establish a consistently forward-looking and dynamically evolving system, fostering a comprehensive public understanding of monetary policy and price stability.
As a result, we expect to have:
- an advanced and dynamically evolving Forecasting and Policy Analysis Systems (FPAS);
- innovative solutions to the monetary policy system or its specific elements;
- creating a clear and supportive public understanding of the key elements and principles of monetary policy strategy, including among financial market participants;
- clear and transparent approaches to CBA instruments, liquidity management and monetary policy operations, ensuring comprehensive understanding for financial market participants.
Definition of done: a broad and supportive perception among financial market participants and the general public regarding monetary policy decisions, leading to an increased effectiveness of monetary policy.
Macroprudential policy
Our strategic statement: we need to have one of the best systems for assessing and responding to systemic risks emerging and accumulating in the financial system.
Achieving this goal, we will implement a policy that will guarantee the stability of the financial system, ensure its continuity and depth through smooth financial intervention and thus promoting long-term sustainable economic growth.
As a result, we expect to have:
- a framework for the analytics of application of macroprudential tools;
- a macroprudential policy implementation mechanism;
- an up-to-date system risk assessment tool kit, including development and introduction of new tools.
Definition of done: mastering the policy messages, demonstration of an adequate behavior by financial institutions, and sufficient capacity to withstand shocks to the financial system. As a result, the continuity of the system's lending to the economy will be ensured.