The confirmation of a broadly balanced risk outlook for growth is within reach. The extraordinary monetary policy measures introduced since 2014 are bearing fruit. They have supported price stability in particular by buoying domestic demand, which is now the supporting pillar of the ongoing recovery.
The financial sector has an important role to play in supporting that recovery and ensuring 4/5  BIS central bankers' speeches  continued resilient growth in the future. A well-functioning, profitable and resilient financial sector is therefore vital for the long-term economic prospects of the euro area.