To reinforce our commitment and keep interest rates low across the yield curve, the Bank will continue the QE program until the recovery is well underway and will adjust it as required to help bring inflation back to target on a sustainable basis.
2  BIS Review 122/2009  Third concern: de-clogging monetary transmission mechanism Following the collapse of Lehman Brothers, the global economic outlook deteriorated sharply, and the Indian economy got impacted by the contagion through all the channels – the financial channel, the real channel and the confidence channel.