The other message was to raise the public’s awareness that the exceptional interventions aimed to alleviate the tensions in the money market would not compromise in any respect the longer-term achievement of the price stability objective and that the ECB would not tolerate or encourage imprudent behaviour by market participants. Conclusions Let me conclude.
To be sure, there would be several candidates! I would like today first to offer some reflections on the growing role of the Asia-Pacific region in the global economy in an attempt to understand how the world is changing and what it might be like tomorrow. I would then like to offer some reflections on the implications of these changes.