In my view, this achievement is inseparable from the solid and well-coordinated fiscal, monetary, and banking policies that are built based on prudence and discipline. 14. The Economist, in its November 10, 2012 issue, presented an interesting analysis describing the new era of Great Moderation in Asia.
As stated before, these purchases are intended to run until the end of March 2017, or beyond, if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation consistent with its inflation aim.