Is it right to assess the success of the ASM G4R programme on the basis of profit and loss?

Answer: No. a. It is not right to assess a non-profit monetary policy intervention by a central bank on the basis of profit and loss. b. The ASM G4R programme was never designed to generate and has at no time, since 2022, generated profit for the BoG. c. The right way to assess the G4R […]