To this end, the Bank will continue to consistently make contributions as central bank. In the conduct of monetary policy, the Bank will aim to maintain the extremely accommodative financial environment”.
Furthermore, in the same statement, regarding the “understanding of medium- to long-term price stability” (the level of inflation that each Policy Board member understands, when conducting monetary policy, as being consistent with price stability over the medium to long term; hereafter “understanding” 25), which is expressed in terms of the year-on-year rate of change in the  23  According to the Family Income and Expenditure Survey, a breakdown of expenditure by householder age group shows that, in 2009, people aged 60 years and over increased their spending from the previous year, while spending by those younger than 60 decreased.