However, while the Bank's price stability target is to achieve the inflation rate of 2 percent, the current rate is at around 1 percent. I will later talk about this point in detail, together with the Bank's monetary policy. II. Outlook for Economic Activity and Prices Now I would like to explain the outlook for economic activity and prices. A.
We will continue to watch the experience of other countries – the Swiss policy rate, for example, is currently minus 0.75 per cent – and we will also consider what adjustments might need to be made to the Bank’s operational framework should they ever be required.