In this context, I would like to highlight some important aspects of consumer protection and risk management that banks need to imbibe in their business processes:  2  BIS central bankers’ speeches  •  Pricing of asset and liability products should be transparent and non-discriminatory.
We lowered the key interest rate at a pace and a level unprecedented in the recent history of the euro area countries. With the benefit of hindsight, the decisions we took during the crisis were effective. They have in particular helped to preserve a very solid anchoring of inflation expectations over the past four years.