Based on the aforementioned goal, the Bank further clarified its powerful easing stance by clearly stating that, for the time being, it will continue to pursue powerful monetary easing by conducting its virtually zero interest rate policy and by purchasing financial assets, with the aim of achieving the goal of 1 percent in terms of the year-on-year rate of increase in the CPI, until it judges that the 1 percent goal is in sight.
Staying with the insurance analogy I just mentioned, and given that member states will still have a bearing on the health of bank balance sheets in future, the concept of a long-term national risk retention requirement also seems worth considering.