The operating framework of monetary policy has been the maintenance of overnight market rates within an interest rate corridor defined by the floor of the reverse repo (absorption) rate and ceiling of the repo (injection) rate.
Developments in Economic Activity and Prices  Private Consumption, Employment, and Income Private Consumption 110 s.a., CY2011=100  Number of Employed Persons 3  105  y/y % chg.  Nominal Wages 3  2  2  1  1  0  0  y/y % chg.  100  95  -1 90  Consumption Activity Index (travel balance adjusted, real)  85 CY12 13 14 15 16 17 18 19 20  -2  Self-employed workers, family workers, etc.