In our view, it is the best monetary policy regime we have experienced and the best one available, but it is not perfect. It has yielded excellent results so far for its central objective - an average rate of inflation of two point something per cent during the eleven  BIS Review 68/2004  1  years it has been in operation.
To this aim, by mid 2010 the central banks of the Eurosystem will start reducing the transmission time lag of their input for financial accounts by one month, from 110 days to 80 days.