Most visible and much commented on are the marked declines in the stock markets, which have lost further ground worldwide over the past couple of days. Moreover, the US dollar has depreciated against other major currencies, thus facilitating the necessary adjustment of the large US current account deficit.
This aims to clarify the policy stance of continuing with powerful monetary easing by making clear future policy rates in advance. Second, the Bank decided to conduct market operations and asset purchases in a more flexible manner.