The upper limit on loan interest rate and lower limit on deposit rate will be maintained for a relatively long period of time before consideration can be given to remove them. This is because such reform involves the consideration of many factors including the order of market competition and the amount of interest rate spread.
Take the recent interest rate reduction, Bundesbank President Jens Weidmann initially had some reservations, but then he said that this step was justified. I have often said that I have great respect for the Bundesbank as an institution and for what it means to the Germans. 4  BIS central bankers’ speeches  SPIEGEL: That sounds rather like Christmas harmony.