Ready to ease monetary conditions further via unconventional, targeted tools.
Base rate, interest rate corridor left unchanged.
Key policy rate may be left on hold for another 18 months or so.
If necessary, will use unconventional, targeted instruments to ease monetary conditions further.
Tuesday is the big, but boring day. Excitements come only later.
Cap on 3-m deposit facility gets lowered further.
And the result is...
Nomura: 3-month depo cap for Q117 is key, base rate is immaterial.
Via unconventional, targeted instruments.