Chart 11 Medium- to long-term inflation expectations and the core CPI in Japan y/y % chg.  4 CPI (all items less fresh food) 3  Inflation expectations (6 to 10 years ahead)  2  1  0  -1  -2  -3 1990  92  94  96  98  2000 Year  02  04  06  08  10  12  Sources: Ministry of Internal Affairs and Communications; Consensus Economics Inc., “Consensus Forecasts.”  22  BIS central bankers’ speeches  Chart 12 Medium- to long-term inflation expectations and the CPI in the United Kingdom  8  y/y % chg.  7  Medium- to long-term inflation expectations (6 to 10 years ahead) Retail prices index excluding mortgage interest payments (RPIX)  6  CPI  5 4 3 2 1 0 1990  92  94  96  98  2000 02 Year  04  06  08  10  12  Sources: Office for National Statistics; Consensus Economics Inc., “Consensus Forecasts.”  Chart 13 Size of the asset purchase program tril.
The Reserve Bank opened a forex swap window to meet the entire daily dollar requirements of three public sector oil marketing companies (IOC, HPCL and BPCL). Under the swap facility, the Reserve Bank undertook to sell/buy USD-INR forex swaps for fixed tenor with the oil marketing companies.