In terms of credit information, financial innovation is a process in which credit information is collected and managed with various financial instruments to avoid risks and get returns. Sound credit information system, true and effective information disclosure, real default accountabilities are fundamental factors to the success of financial innovation.
Taking into account all the information and analyses that have become available since our meeting on 4 February 2010, price developments are expected to remain subdued over the policyrelevant horizon. The latest information has also confirmed that the economic recovery in the euro area is on track, although it is likely to remain uneven.