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He said demand was returning to "much more normal levels".
"Now these outlays should return to more normal levels".
If so, exchange rates against sterling and the franc will revert to more normal levels.
Management say that January flows have returned to more "normal" levels.
"By the end of 2015 their growth rates will be at much more normal levels.
"As the economy recovers, the Bank will have to start to think about returning monetary conditions towards more normal levels.
We saw a few more cancellations but that was an immediate reaction and it's settled down to more normal levels".
If that "excess liquidity" is removed from the system, those lending rates could move back to more normal levels.
The bigger question is when - perhaps if - the central bank will ever get borrowing costs back to more normal levels.
As interest rates return to more normal levels, the cost of servicing the national debt is likely to increase, too.
As personal savings return to more normal levels, the increase prompts what economists call the "paradox of thrift".
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more usual levels
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