Strengthen domestic debt market by signing an agreement between the Ministry of Finance (MoF) and Central Bank (CBA) on the coordination of government securities auctions, including: (ii) a commitment to avoid using cut-off yields at Treasury auctions, except to reject clearly speculative bids that lie outside the normal range of bidding.
R0 macro criticality:  Strengthen monetary transmission mechanism, boost credibility of the government's macroeconomic framework, and encourage development of treasury securities market.