Though on a standalone basis, number of lives touched by AIF is very impressive, it simply dwarfs in comparison to the sheer enormity of the challenge that we, as a nation, face i.e. of reaching out to a population of 1.2 billion.
Following several years of robust monetary growth, the liquidity situation in the euro area is ample by all plausible measures. Continued strong monetary and credit growth in an environment of ample liquidity point to upside risks to price stability over the medium to longer term.