At any rate, as the Bank aims at the 2 percent price stability target, greater fundamental strength of the economy is needed to generate a wage increase of approximately 4 percent. To this end, a wide range of entities is expected to redouble efforts to strengthen the competitiveness and growth potential of the economy.
Mr president, ladies and gentlemen I have taken too much of your time and now it’s time to wish you an enjoyable evening. I thank you for your attention and may God bless you. 4  BIS central bankers’ speeches