Given these developments – while in the US the Federal Open Market Committee decided it wise to quickly reduce asset purchases and implemented an effective line of communication aimed at preparing the public for the lift-off of the target range for the federal funds rate – in the euro area a gradual normalisation of monetary policy was deemed to be the most appropriate stance.
The renovations are necessary to overhaul ageing infrastructure and perform a muchneeded upgrade of our facilities. With the planned addition of a museum, the expanded precinct is intended to enhance public accessibility and become a place of knowledgesharing and a window onto our country’s economic and financial history.