Monetary Policy
Transcript of July 2015 MPC Press Briefing
Wednesday, 22 July 2015 00:00

Sustainability is two ways. You don’t always pump in. We stand ready to support the market at any time. Sometimes we can pump in more than the $20 million; sometimes less. It depends on what the market can take. Currently, there is so much liquidity coming in such that the market may not be in a position to take what we want to sell. When we say we are pumping in $20 million it means that we are available to support the market to that extent. But of course, you cannot rely on just intervention to stabilise the system.

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