Thus, since there are high uncertainties over the impact of COVID-19 on economic activity and prices, for the time being, the Bank will closely monitor the impact and will not hesitate to take additional easing measures if necessary. II.
Living with COVID-19 and Future Conduct of Monetary Policy Characteristics of the COVID-19 Shock So far, I have talked about economic developments and the policy responses to date, as well as the baseline scenario of the outlook for economic activity and prices.