As regards global imbalances, this issue is constantly studied and discussed in the central bankers’ community; we have discussed it just recently with our colleagues from the Bank of Russia, earlier in a similar gathering we organise with Latin American central banks. Every two months in Basel I meet all my colleagues of other central banks at the level of the global economy.
Household Sector Meanwhile, despite the steady improvement in the employment and income situation, private consumption had been somewhat weak since the beginning of 2016, but it has been on an improving trend recently.