Let me make a few suggestions in this regard. 45. Sometimes, I find that the competition among the media militates against the quality of analysis. The media disseminates economic and financial news, indeed any news, at three levels. The first level is “news” as “news” and I can appreciate the race to be the first at this level.
the Governing Council, indicate that our commitment to the accommodative monetary policy to align inflation with the price stability objective is the key component of our January decisions. Extensive securities purchases allow a substantial easing of monetary policy in a situation where there is no longer room for lower monetary policy interest rates.