In determining the frequency of these regular meetings, due thought must be given to ensuring the timeliness of policy implementation as well as market stabilization. Although there is no need to preclude the possibility of ad hoc meetings, monetary policy decisions should in principle be made at the regular meetings in keeping with the purpose of the new system.
If we look at the practices of other countries, the U.S. Federal Open Market Committee meets the least often at eight times a year, the Monetary Policy Committee of the Bank of England once a month, and the Central Bank Council of the German Bundesbank twice a month.