Our measures have also reduced fragmentation among Member States: the 1/5  BIS central bankers' speeches  dispersion of both GDP growth and inflation rates is at the lowest level since the beginning of the monetary union.
BIS Review 96/2007  1  In the view of the Governing Council, the ranges presented serve as a good reminder of the general uncertainty surrounding economic projections, which it is worthwhile emphasising given the current volatility in the financial markets. The risks to these projections for economic growth are judged to lie on the downside.