Further data and analysis will be required to develop a more complete view of the impact of the financial market volatility on bank balance sheets, financing conditions and money and credit growth.
To sum up, a cross-check of the information identified under the economic analysis with the outcome of the monetary analysis has fully confirmed the existence of upside risks to price  2  BIS Review 128/2007  stability over the medium term, with money and credit growth vigorous in the euro area, and against the background of sound economic fundamentals in the euro area.