5  and political issues, such as Chinese economic health and policy actions there, and Brexit. However, a persistent factor during the last few years has been uncertainty over the degree of monetary accommodation in advanced countries, particularly the United States. Central banks have become more proactive, and their communication and actions have sometimes generated undue volatility.
On 26 April 2007, the ECB Governing Council launched an official public consultation on the principles and proposals underlying the T2S Project. The 2-month public consultation launched by the ECB is now finalised, and the market feedback is very useful. We received quite a high number of comments. A first preliminary assessment of these comments shows that their feedback is generally rather positive.