There is a serious risk, if not a likelihood, that this state of affairs may persist indefinitely, leaving our housing finance system in a semi-permanent limbo. Fortunately, we are blessed with a growing menu of reform options available for public vetting. And there appear to be areas of broad agreement among them.
Our March staff projection exercise confirms that the medium-term inflation outlook remains below our inflation aim. 1/3  BIS central bankers' speeches  At its latest monetary policy meeting in March 2021, the Governing Council conducted a joint assessment of the inflation outlook and of the prevailing financing conditions, looking in particular at the recent increase in risk-free interest rates and sovereign bond yields.