Although inflation expectations have risen recently, I believe that the framework of yield curve control is necessary given the Bank's baseline scenario regarding the price outlook and downside risks to prices, as I discussed earlier. Since the introduction of yield curve control, the Bank has devised various measures to enhance the sustainability of monetary easing under this framework.
Providing a basis for a strong and stable monetary Union: EU Governance  After the financial crisis had grown into a full-blown economic crisis at the end of 2008, the state had to ride to the rescue. It supported ailing companies and institutions whose failure might have triggered a chain reaction with guarantees or capital injections.