Therefore, a broad based CPI for the country as a whole, including both services and manufacturing products, has greater relevance for monetary policy formulation. 16. In India, however, data on CPI relates to different segments of the population rather than the entire population.
For my part, this event is an auspicious occasion where I would like to officially thank Mr Marc Rennert as the departing Bundesbank representative and welcome Mr Eike Berner as his successor. 2. News from Europe and from the European banking sector But I would also like to use this opportunity to sketch recent developments and, specifically, the state of Europe and European banks.