The Bank will need to assess the extent to which this strength is likely to be maintained as well as the implications for both economic growth and potential output. We also discussed the strong housing markets and moderate consumer spending seen during the third quarter. At the same time, consumer credit growth has picked up.
BIS central bankers’ speeches  9  Trust and public acceptance must now be restored, and the proposals which the High-level Expert Group has submitted for the consideration of the EU Commission will contribute to this end. Achieving this important aim will benefit the banking industry and our societies at large. 10  BIS central bankers’ speeches