Low inflation is also broad-based across countries. Looking at the three euro area countries with the highest HICP inflation record in May, we see inflation rates of just 1.4% in Luxemburg and 1.0% in Finland and Slovenia. Hence, low inflation is not only a challenge that concerns few individual euro area economies; it concerns the euro area as a whole.
To conclude, programmes such as these serve a valuable role in helping educate our younger generation about the world of finance and investment in a practical and relevant manner, and thus ultimately in helping support the further development of our financial services sector. On that note, I thank you all again, and congratulate the students on their participation. BIS Review 41/2007  1