To be clear, the same tests should apply in terms of "when appropriate." There would also be the added complication of determining where to house this regulatory authority, and how it would be coordinated across jurisdictions. Despite these issues, this is a serious concern that warrants closer attention. Conclusion The market turbulence that began last summer has eased in recent weeks.
Contrary to earlier expectations, energy price developments did not moderate but rather continued to put considerable upward pressure on HICP inflation rates. The low external value of the euro has heightened the risks of increases in import prices gradually being passed on to consumer prices.