These actions help regulate the economy and control inflation. The signal will be continuously 3/5  BIS central bankers' speeches  reinforced by other BSP actions, as deemed necessary by developments. Looking ahead, the BSP remains watchful against signs of inflation becoming more broad-based.
Between Q4 2011 and Q4 2021 and the growth rate was 39%. 3 3. See Deutsche Bundesbank (2020). The protracted rise in residential property prices in Germany from a  macroeconomic perspective: transmission channels and fundamental determinants, Monthly Report, October. 4 4. For cross-country comparisons, see sdw.ecb.europa.eu/reports.do?node=1000004952 5 5. Source: Deutsche Bundesbank balance sheet statistics. 6 6. See www.federalreserve.gov/newsevents/speech/stein20130207a.htm 7 7.