Of course, the degree of acceptable allowance varies depending on the view of each Policy Board member, but I think that if the inflation rate is projected to stabilize within a certain range with a median of 2 percent, then the main objective of QQE will have been fulfilled.
Pressures eased in the following weeks, when the sharp rise in volatility partially subsided and short-term yields declined, restoring the more usual, positive slope of the term structure.