Achieving sustainable convergence can be seen as an important anchor and an opportunity for the CEE countries to adopt economic policies that will eventually lead to the successful adoption of the euro, hopefully not in the too distant future. 6  BIS Review 144/2009
Record low real interest rates provide substantial policy accommodation, supporting the recovery and paving the way for inflation to reach our 2% target in the medium term. It is likely that the stock of acquired assets as well as our new forward guidance are contributing to keeping real yields anchored at low levels.