Over the past 20 years, this augmentation includes the release, beginning in 1994, of postmeeting statements explaining policy decisions.
With the economy currently growing at around 2½ – 3 percent and with annual growth projected to increase to around 3½ percent, rapid and ongoing decreases in interest rates would likely result in an unsustainable surge in growth, capacity bottlenecks, and further inflame an already seriously overheating property market.