In any case, some recovery is already being seen as major economies open up further, supported by the optimism brought about by the gradual deployment of COVID-19 vaccines. On the domestic front, economic prospects are expected to improve as infrastructure and social programs, health capacities, and fiscal policies gain traction.
  In order to signal that the above measure is temporary so that the interest rates at the longer end do not harden, a form of operation twist was tried by conducting outright OMO purchase of government securities alongside sale of short-term government cash management bills. This inverted the yield curve, though accompanied by some increase in long-term rates.