The Bank will for the time being operate its Base Rate in such a way as to help sustain the trend of recovery in economic activity. Given the uncertainties surrounding the future growth path, the strengthening of private sector growth momentum will need to be underpinned through maintenance of our financial easing stance.
In the process, the Bank will pay greater attention over time to the possibility of economic imbalances arising as its accommodative monetary policy continues. Adjustment of the degree of monetary policy easing will be calibrated appropriately, in overall consideration of financial and economic circumstances domestically and abroad. Active efforts should also be made to boost the efficiency of policy operations.