Particularly in times of high financial market volatility this continued solid anchoring of inflation expectations is one of the most precious assets on which we can draw to rebuild and consolidate the confidence which ultimately will itself permit the return to a normal functioning of the financial markets. I thank you for your attention. BIS Review 97/2007  9
With inflation of 10 per cent per annum, for example, the value of a financial asset falls by about 85 per cent over 20 years, which means that those with savings see these all but wiped out, and those with debts benefit enormously.