Latterly, most of the relevant indicators having been pointing upward over the medium term undoubtedly due in part to the rise in oil prices and, of course, also to the downward movement of the euro exchange rate This exerts pressure on import and producer prices. And, because of second-round effects, they can in turn affect consumer prices.
A Systemic Risk Buffer aims to build resilience against the higher probability and larger effect of structural shocks, for example being small and highly-globalized. Following our request, over the summer we received confirmation from the Minister of Finance and Public Expenditure and Reform that a legislative provision will be introduced to complete our macro-prudential toolkit for bank capital.