8  Second, the Bank considers that the conclusion reached in the Comprehensive Assessment released in September 2016, in which it assessed the policy effects and their transmission mechanism since the introduction of QQE, is still valid even in the present situation.
These structural policies comprise a set of reforms which involve the opening up of the goods and services markets (it is the role of competition to eradicate in-built advantages and to direct more resources towards investments) and helping the labour market function better to increase the employment rate.