However, the challenges are to be overcome in order to optimize the trade finance facilities from the banking sector. Bank intermediation is yet to be improved in order to maximize the credit line utilization from international banking community.
Looking ahead, the Governing Council expects the euro area economy to grow at a moderate pace in 2010. The recovery process is likely to be uneven and the outlook remains subject to uncertainty. The outcome of the monetary analysis confirms the assessment of low inflationary pressure over the medium term.