Still, it was quite natural for a central bank to pay attention to the amount of liquidity provision and expect effects from a further increase in liquidity provision even when short-term interest rates had fallen to zero percent, or rather for the very reason that they had reached this zero bound.
Inia Naiyaga: Engineers’ role in economic growth and financial stability Speech by Mr Inia Naiyaga, Deputy Governor of the Reserve Bank of Fiji, at the Fiji Institute of Engineers’ (FIE) workshop, Suva, 2 June 2011.