These expectations proved to be well justified as total inflation fell back into line with core inflation. 4  BIS Review 9/2009  The ongoing effectiveness of monetary policy The Bank's projection of an economic recovery reflects, in part, the monetary easing that we have already put in place – cutting the policy rate by 350 basis points since December 2007.
Andreas Dombret: Interest rate reversal in the United States and German banks Introductory statement by Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, at the annual meeting of the Verein für Socialpolitik, Münster, 17 September 2015.