More specifically, according to the World Economic Forum’s global competitiveness index, Greece moved up the ranking to 81st place, from 91st in 2012, while according to the World Bank’s ranking on the “ease of doing business”, Greece advanced to 61st place, from 65th and 89th, respectively, in the past two years.
Of particular relevance to monetary authorities, price stability and reasonably low but stable interest rates are in the medium-term, likely to contribute to reduced preference or recourse to gold as a form of savings as well as investment.