Moreover, there had been no signs of asset overvaluation in the euro area. Finally, I would like to mention that all major central banks around the globe, including the Federal Reserve Bank and the Bank of England, reacted in a similar way to the economic circumstances prevailing in recent years, although the extent and the timing of their monetary policy interventions differed.
*  *  *  Dr. Barman, Mr. Paul Van den Bergh, Dr. Karunasena, Mr. Sandip Ghose, distinguished participants, ladies and gentlemen, I am thankful to the organisers for giving me the privilege and pleasure of being with you at the Workshop on “Use of Surveys by Central Banks”, organised jointly by the South-East Asian Central Banks (SEACEN), Irving Fisher Committee (IFC) – Bank for International Settlements (BIS) and Reserve Bank of India (RBI).