9  For example: Financial Services Authority, The Turner Review: A Regulatory Response to the Global Banking Crisis, March 2009, Group of Thirty, Financial Reform – A Framework for Financial Stability, January 2009 and HM Treasury, A New Approach to Financial Regulation, July 2010.
Most of them hold as a primary objective a low inflation rate, commonly two or three percent in annual terms, but they also take into account economic growth, either as an explicit objective or as an essential piece of information for pursuing price stability. At any moment, economies could find themselves in different cyclical stages and confronted with particular challenges.