Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time." "We will keep the OCR at an expansionary level for a considerable period to contribute to maximizing sustainable employment, and maintaining low and stable inflation," Orr said announcing the monetary policy statement. In its Summary of Opinions, BOJ policymakers warned the global economic outlook was worsening and recent oil price falls could further delay achievement of their 2 percent inflation target.