Moreover, available information  BIS Review 28/2009  3  indicates that medium-term inflation expectations in the euro area are solidly anchored at levels consistent with the aim of the Governing Council of keeping inflation at rate of below, but close to, 2% over the medium term.
Divergent global monetary policies will make the world’s financial market vulnerable to shifting perception. Global turbulence risks may spillover quickly to our economy through the financial market and trade. 32. Meanwhile, we are still struggling with diverse structural rigidity and inefficiency, thereby making the supply side of our economy unresponsive. 33.