Deflation (or very low inflation) poses a potential problem when aggregate demand is insufficient because deflation places a lower limit on the real short-term interest rate that can be engineered by monetary policymakers. This limit is a consequence of the well-known zero-lowerbound constraint on nominal interest rates.
And it is impossible not to note the most important role: that of the business sector, which for years has grown at a faster pace than the economy in general. Looking forward, we estimate that the economy will grow this year by 4.6 percent and that inflation will reach the target range of 1-3 percent.