If people actually experience a rise in prices, inflation expectations are supposed to change substantially. The Bank holds the view that, due to a backwardlooking element together with a forward-looking element, inflation expectations will continue on a rising trend, gradually converging to around 2 percent – the price stability target.
G-20 Framework for Strong, Sustainable and Balanced Growth Progress on the Framework for Strong, Sustainable and Balanced Growth has lagged that of financial sector reform – and needs to accelerate. The G-20 leaders launched the Framework in 2009, just as the global economy began recovering. Their goal was to safeguard the nascent recovery and achieve stronger global growth over the medium to long term.