While economic activity and prices are likely to remain in a state where the current extremely low levels of short- and long-term interest rates would be appropriate, at least through around spring 2020, the Bank considers that  8  there is a fair possibility that the current low interest rates will be maintained beyond this period depending on future developments.
In addition, the Bank also decided at the MPM held at the end of last month to implement various measures contributing to the continuation of the current powerful monetary easing.