We need to learn that our income can only grow at the rate our productivity grows, and inflationary expectations must be anchored. II. While we have to perform various tasks on the road to the euro, this is the common interest of the Government, the central bank and all players in the economy, and so we have to we help and support each other.
Consequently, when the Committee announced in early November that it intended to purchase an additional $ billion in longer-term Treasury securities, that decision was largely anticipated by financial market participants, and it occasioned only minimal market response.