The economic restructuring package underscored encouraging rural consumption, developing the services sector, especially the cultural and recreational industry, and adjusting the consumption structure and pattern. BIS Review 31/2009  1  Identifying the key contribution to savings ratio is a major policy challenge for all countries concerned.
But an abrupt interest rate hike would place a greater strain on enterprises and households and could lay bare existing vulnerabilities in the financial system and trigger significant market turbulence. 6 Conclusion I’m sure, dear Mr von Stenglin, that you will continue to follow these highly uncertain future developments closely, as you have always been a passionate monetary policy maker and Bundesbanker.