Specifically, the Bank decided at the MPM held on January 21 and 22, 2013 to (1) continue with a virtually zero interest rate policy and purchases of financial assets for as long as the Bank judges it appropriate to continue with each respective policy measure and (2) introduce the open-ended asset purchasing method for purchases of financial assets from January 2014.
Other countries have tried to drive a wedge between domestic and foreign interest rates by instituting a tax on interest income accruing to foreigners, a non-resident withholding tax.