Having been relatively subdued during the past few years, growth in gross fixed capital formation by the private sector increased from 3,9 per cent in 2012 to 5,5 per cent in 2013. Part of this increase was related to green energy investment.
Ladies and gentlemen, so far, the Bank’s monetary policy has produced the intended results by moderating credit growth, improving the current account deficit on the balance of 2  BIS central bankers’ speeches  payments, and stemming the decline in reserves in the monetary union.