Respondents to the Consumer Expectations Survey who have become more positive in rating the adequacy of governmental measures in preserving their spending capacity have increased their inflation expectations by a smaller amount. Likewise, they have decreased their expectations of economic growth over the next 12 months by a smaller amount. 32.
The phasing out of any measure must be done very cautiously. This is the reason why it continues to retain the attention of central banks around the world. To this end, the ongoing collaboration of the Bank with international organisations and counterparts is critical. The banking sector has played a key role in the application and success of the above support measures.