<Interest Scheme to Promote Lending>  Conduct of Yield Curve Control Establishment of the Interest Scheme to Promote Lending (see the box on the right) Clarification of the range of fluctuations in long‐term interest rates Expect long‐term interest rates to move within the range of around ±0.25% from the target level  Introduction of "fixed‐rate purchase operations for consecutive days"   Apply incentives (linked to the short‐term policy interest rate) to financial institutions' current account balances, corresponding to the amount outstanding of funds provided through fund‐provisioning measures to promote lending ― Mi gate the impact on ﬁnancial ins tu ons' proﬁts at the me of rate cuts depending on the amount of lending ― The applied interest rates and the eligible fund‐provisioning measures for each category will be changed as necessary at MPMs depending on the situation.
Axel A Weber: The independence of the central bank and inflation – the Bundesbank example Speech by Professor Axel A Weber, President of the Deutsche Bundesbank, at the Narodowy Bank Polski (National Bank of Poland), Warsaw, 26 October 2006.