17  The ECB has recently started to publish price competitiveness measures, the Harmonised Competitiveness Indicators (HCIs). See the box entitled “The introduction of harmonised competitiveness indicators for euro area countries”, in the February 2007 issue of the ECB’s Monthly Bulletin.
6  BIS Review 65/2007  concerned – the private sector, social partners, the national public authorities – to be as lucid as possible in their own decision-making, to avoid relative losses of competitiveness that would not be economically justified and to minimise therefore possible unwelcome future adjustment through the competitiveness channel. M. Chairman, ladies and gentlemen, let me conclude.