But as a central bank we are not with our back against the wall. The message to the markets is: we will do everything that is needed to execute our monetary policy objective with conventional and unconventional measures. Isn’t the monetary environment in the world much too loose? Opinions differ.
For the first time developing countries committed to partly opening their markets and to well-defined international trade rules; in exchange, they could benefit from more open export markets and a greater possibility to protect their stakes through the new mechanism of trade dispute settlement.