I have a concern about the current economic policy. I would like to explain my concern and then receive your imput. The low interest rate is needed to prevent an economic slow down. Although the recent high inflation, which I suspect is mainly due to the oil price rise and food and other shortages, would suggest a need for an interest rate rise. Therefore if the interest rate is to remain low, assuming this is the target in the future, then will it be possible to hit that target if the reserves increase? The problem as I preceive it is central banks use the reserve to increase or decrease availability of funds to lend. If the reserves increase, the funds which can be lent will decrease, which makes less borrowing possible and in THEORY makes the interest rate higher, due to greater demand. Therefore if the ten of fifteen percent reserve target, which the new banking report states is necessary to prevent further bank runs, is met then the availability of funds to lend out will decrease and the interest rate will rise. If the reserves are big enough to meet the banking report reserve targets to prevent bank runs then is it possible to have low interest rates? I personally do not think so. It leads to a no win situation, you either accept bank runs and bank collapses or you increase the interest rate, which means economic decline and business failure and reposessions. In short the current situation cannot continue. There will either be an unwillingness to accept the new reserve requirements or the interest rate will have to rise. What do you think?