boj minutes, 2024-03-19
In order to examine the functioning of the money market over the past 25 years, this period was divided into the following three phases, and its developments during each phase were reviewed: (1) 2001 to 2006, when quantitative easing had been implemented (Phase 1); (2) 2008 to 2016, after the Complementary Deposit Facility was introduced (Phase 2); and (3) 2016 and onward, after the introduction of the negative interest rate policy (Phase 3).
Sentiment: neutral
Topic: mp_interest_rate