BIS Review 47/2009  1  However, this environment led to the search for higher yields, that fueled unprecedented asset price increases and at rates faster than the growth in household incomes.
* * * I will provide a brief overview of our monetary policy amid the coronavirus (COVID-19) pandemic shock and against the background of our current assessment of the macroeconomic outlook.1  The economic outlook While euro area economic activity has rebounded strongly from the unprecedented collapse earlier this year, the recovery remains incomplete and prone to setbacks.