Since lowered to 0.5 percent in 1995, the short-term rate in Japan has been between 0 percent and 0.5 percent for about 20 years (Chart 14). Japan has been in a situation in which it has been difficult to stimulate economic activity by lowering nominal short-term interest rates even if prices decline or economic activity deteriorates.
Ipumbu Shiimi: Regulating competition in the Namibian banking sector Welcoming and special remarks by Mr Ipumbu Shiimi, Governor of the Bank of Namibia, at the signing of the Memorandum of Agreement between the Bank of Namibia and the Namibia Competition Commission, Windhoek, 1 February 2012.