BOC Deputy Governor Caroline Wilkins said the bank will review the framework of monetary policy before 2020. The most prominent comments were as follows:
- Options remain available to us.
- Inflation has succeeded in reaching its goal.
- The period after 2008 was not perfect.
- It is time to carefully review alternatives.
- We will take into account the fact that the neutral interest rate has become less than before.
- Lower interest rates may encourage families and investors to take risks.
- There are many tools that the bank may resort to.
- Raising this inflation rate to 3 or 4% could harm the credibility of banks.
