Based on this recognition, the Bank has been doing its utmost as the central bank, using a three-pronged approach consisting of (1) strong monetary easing, (2) ensuring stability in financial markets, and (3) providing support to strengthen the foundations for economic growth.
This should not mean, however, that  BIS Review 98/2001  1  accession countries do not have to pay attention to progress in nominal convergence. On the contrary, a balanced monetary and fiscal policy stance and wage increases supported by productivity gains should favour the disinflation process of accession countries, and allow them to make progress on nominal and real convergence in parallel.