As the second most important reserve currency, demand from foreign central banks can also be expected to have affected euro area financing conditions. [42] 12 / 18  BIS central bankers' speeches  See Cœuré, B. (2018), “The persistence and signalling power of central bank asset purchase programmes”, speech at the 2018 US Monetary Policy Forum, New York City, 23 February.
Such divergences in alternative inflation measures complicate the conduct of monetary policy in India. Accordingly, the Reserve Bank looks at all the measures of inflation, both overall and disaggregated components, in conjunction with other economic and financial indicators, to assess the underlying inflationary pressures.