However, in contrast to the previous "bias" statement, the concept of the foreseeable future in the balance of risks statement was intended to extend well beyond the upcoming intermeeting period. The balance of risks statement is released to the public at the conclusion of each FOMC meeting.
All in all, although the available data and estimates are characterised by various degrees of uncertainty, there is evidence that the euro is used in neighbouring countries to a significant extent, either in cash or deposit form. Let's consider cash first.