As I mentioned earlier, however, against the backdrop of improving corporate profitability and a positive turn in price developments, there is a possibility that the monetary policy stimulus to economic activity and prices could be amplified via, for example, a decline in real interest rates.
If the stimulus becomes too strong, there is a risk that, even if current prices are stable, investment activity could become excessive, resulting in volatile economic fluctuations. Moreover, this could negatively affect the prospects for sustainable economic growth with long-term price stability. In its conduct of monetary policy, the Bank should pay attention to this as well as other long-term risks.