Just how large that will be is uncertain, because we do not yet have a clear sense of the normal level of demand for our liabilities. Current estimates suggest, however, that something in the ballpark of the 2019:Q4 projected values may be the new normal.
I am particularly proud of the model of repo auctions we developed in 2012, that enabled us to react by tightening monetary conditions if necessary, without changing the corridor of basic interest rates. This is exactly what we are doing currently.