13  -4  Figure 9  Market-based inflation expectations in the euro area (daily data; per cent)  10  10  1 year  8  8  6  6  4  4  2  2  10 year  0  0  -2  -2 2020  2021  2022  Source: Bloomberg.
•  The second is prudent borrowing and respect for loan contracts with serious commitment to honouring debt obligations whether corporate or household borrower. •  The third is effective prudential supervision of the financial system within the framework of predictable transparent regulations and laws that are enforced evenhandedly.