7  As I explained, following the discussion at the latest MPM, the Bank released its economic projections, which show that it will take more time than expected to achieve the price stability target of 2 percent. However, the momentum toward 2 percent inflation has been maintained.
One of the sectors that is likely to be downsized, at least for some time, is finance, given that risk aversion is likely to remain elevated for some years, reducing the scope for innovation. Financial regulation will tend to reduce the scope for non regulated sectors.