BIS central bankers’ speeches  Conclusions China’s economy has grown at an impressive rate over the past 20–25 years or so. However, growth has moderated over recent years and is projected to ease further as the longer-term drivers of that growth recede. Moreover, the pattern of development has given rise to significant imbalances.
Knot: “Based on the current outlook, the ECB’s monetary policy intention is to keep rates at their current or lower levels until we see a durable convergence of inflation, also in our forecasts.