These interim assessments are designed to investigate possible deviations of economic and price developments from the standard scenario presented in the Outlook and Risk Assessment three months before. Second, the Bank published a more detailed description of its commitment to maintaining the quantitative easing policy.
The Bank had already committed to maintaining the current policy until the core CPI registers a stable year-on-year rate of increase of zero percent or above. In October, it decided to clarify the meaning of the phrase “registers stably a zero percent or an increase year-on-year” in a more concrete manner. Specifically, quantitative easing will be continued until the following two conditions are met.