In relation to the conduct of monetary policy, the global financial environment plays an important role in determining the financial conditions facing European firms and households, while the responses of global investors are central to the transmission mechanism for monetary policy operations.
*  *  *  Governor Iskrov, Ladies and gentlemen, It is a great pleasure for me to be here in Sofia today at the Bulgarian National Bank for the opening of the Euro Exhibition, which is dedicated to Europe’s single currency, the euro.