An economy in which a virtuous cycle among prices, wages, and economic activity continues to operate would create a world in which the price stability target of 2 percent is achieved. B. Why Are Prices Sluggish? However, we are still halfway toward achieving the price stability target of 2 percent.
When we originally set out to build T2S, there was a fear that we were putting the cart before the horse. It was said that we could not, and should not, develop an integrated securities settlement platform until we had a fully harmonised rulebook for post-trading. While our approach may have seemed counterintuitive at the time, it has proven to be highly effective.