2  BIS central bankers’ speeches  Ladies and Gentlemen, 17. We also see that efforts to maintain macroeconomic stability must also be supported by the principle of prudence in the business world. We observe that such prudence is primarily required for businesses obtaining foreign loans. 18.
Moreover, the national central banks may continue to carry out other tasks and activities, provided that they are in line with the single monetary policy. The decision-making bodies of the Eurosystem are the Executive Board and the Governing Council of the ECB.