More generally, the crisis revealed that regulators, supervisors, and market participants could not fully measure the extent to which financial institutions and markets were linked.
In spite of the above-mentioned quite ambitious target, by September 2001, twelve-month CPIX inflation had decelerated to 5,8% per cent and many analysts thought that the 2002 target would be met fairly easily. To say the least, circumstances changed! The exchange rate depreciation of some 37 per cent in 2001 - that is another interesting story!