Such anchoring is indispensable to supporting sustainable growth and employment and contributing to financial stability. The financial system and individual institutions within it must act now to ensure that a future removal of central bank support can be managed without painful “withdrawal symptoms”.
Preventive care: lessons from the crisis The overriding objective of someone recovering from a severe illness is not to suffer a relapse. Unfortunately, there is no way of guaranteeing the avoidance of illness. But “preventive medicine” is crucial in reducing the risk of recurrence. We have to develop a new preventive framework to minimise the risk of recurrence.