Our main policy rates will stay low for a prolonged period of time, as indicated by our forward guidance, and our balance sheet will keep expanding until we see a sustained adjustment in the path of inflation. Managing the business cycle and ensuring price stability will be the central focus of monetary policy over the medium-term, as our mandate demands.
In order to lower break-even points or reach out to consumers in the markets of emerging economies, many corporate managers are in a restructuring process of withdrawing from unprofitable areas of business, selling loss-making sections or merging them with other companies, exploring new business areas, and reviewing supply and production as well as research and development capabilities.