While the global fora are working out regulatory reforms to ensure that similar crises do not recur, the members of such fora like BCBS and FSB including India have supported such initiatives as it is realized that there is a need for a consistent minimum regulatory framework across countries.
Cost-generated inflation tends to rise, and that certainly does not make the ECB's task any easier, given that our job is to maintain price stability within the Monetary Union. [Question] On the subject of inflation, the ECB has estimated the euro area's non-inflationary potential growth rate to be between 2.0% and 2.5%. Can you confirm that estimate?