In October, with a view to making this clearer, the Bank decided on a new forward guidance, whereby it would maintain the policy rates at their present levels or, depending on the situation, lower their levels, as long as downside risks to economic activity and prices remain significantly high.
While continuing to carefully examine various risks, the Bank will not hesitate to take additional easing measures if there is a greater possibility that the momentum toward achieving the price stability target will be lost. Meanwhile, early this month, the government released the Comprehensive Economic Measures to Create a Future with Security and Growth.