As the Bundesbank is closely integrated into banking supervision, we can also fully exploit such synergy effects. Our deliberations on the time profile of liquidity provision and, hence, our stance in the Eurosystem benefit from general information passed on from our banking supervisors.
That’s why, in face of a global economic slowdown, economic policy needs to ensure that people continue to move out of poverty in the years to come. 2/3  BIS central bankers' speeches  Please join me in congratulating Gabriel on being awarded this year’s Bernácer Prize. Gabriel, I wish you continued success and look forward to following your future work.