4/7  BIS central bankers' speeches  And with the robust economic recovery, the ECB also forecasts an ongoing decline in unemployment and a rise in wage growth. Hence, domestic price pressure in the euro area is expected to rise gradually.
The new Insurance Act will broaden the investment rules and give more flexibility to the companies to make investments including foreign investments. The Pensions Act is also likely to provide greater scope for foreign investment and a more open approach to equity investments. The establishment of an IFC will require the strengthening and upgrading of our financial supervision capability.