Moreover, the bidding activity for market operations is affected by not only the supply and demand conditions of market participants’ funds but also various events and speculation in the markets.
Therefore,  8  BIS central bankers’ speeches  with regard to financial institutions’ current accounts held at the Bank, the balances of which change along with the Bank’s asset purchases, careful deliberation is necessary in discussing the lowering or the abolishment of the payment of interest on excess reserve balances of the current accounts.