Actual or realized saving depends on the equilibrium values of the real interest rate and other economic variables. 4  BIS Review 16/2005  Although strong saving motives on the part of many industrial economies contribute to the global saving glut, the saving behavior of these countries does not explain much of the increase in desired global saving in the past decade.
BIS central bankers’ speeches  guidance to monetary policy. The ECB, which follows a primary goal of price stability, has defined price stability as a rate of inflation below, but close to, 2%. That means that the primary task of monetary policy is to prevent inflation, but also deflation.