There is no reason to think now that interest rates will be left at zero for a just a short while after quantitative easing has ended and no reason that they will be zero for a long period, |
This is because the negative contribution from (weak) rice prices is likely to dissipate and the effects of a reduction in electricity and telephone charges are also expected to ease. |
We are entering an important phase as the situation surrounding the economy and prices is heading toward a favorable direction. |
We firmly cannot agree to adhere to calls to continue with an abnormal policy forever, |
We will confirm that consumer prices will stabilize at zero or above before taking action. |
We will still have leeway then. |
We've just ended quantitative easing so it is too early to say when to end the zero (interest) rate policy. |