On this way, we have kept our own European style and still have worked successfully on gaining a strong voice in international fora, which are proliferating all around in the process of constant buildup of an international financial governance system. A great deal of progress has already been made in strengthening the central pillars of the international financial system: institutions, markets and infrastructure.
It is worth remembering that it can take 18 to 24 months for a monetary policy action to have its full effect on inflation. This means that central banks must target future inflation by anticipating future deviations from target.