This suggests that, in terms of the supply and demand conditions, the economy has been in excess demand and upward pressure has been exerted on prices. 2. Factors from a micro perspective Now, I will touch on the second aspect: factors from a micro perspective.
Furthermore, more from a central banker’s perspective, more effective post trading structures – as achieved by T2S – will contribute to global resilience of financial markets and hence constitutes an important element to safeguard financial stability. Moreover, T2S will contribute to lower cost of capital, hence contributing to the general growth in financial markets and overall economic growth.